Unfold this bill all the way and the calculator shows 720 cloth beside the metal, as if a hemp patch could pay for a guard's uniform. It cannot. The tarp, and the rope inside the sewing kits, only come from loot, and the suit itself is beyond any player: nobody can craft or research it. The guards at Bandit Camp wear it, and its recipe is the filler the scientist suits share.
So the bill is a price tag and nothing more. Its game text promises no protection, which makes the choice easy if a server kit drops one on you. Recycle it for the HQM, a kit and the tarp, and keep fighting in armour you can rebuild.