I only played some level 1 (tried a level 2 once, but was indeed not handling the appropriate equipment, as warned). I don't know if I'm missing something or if all the weapons I found were absolutely terrible. The two-edged axe dealt some damage but with the cooldown even this one seems to be worse than the hands. Movement is chopped where you try to advance, I think it should be smooth in that case since you don't use instant movement.
Game is fine though', the shareware surreal Windows 95 aesthetics are well rendered and the combat system is fun.