You mean, something like :
table prefix
A
The
()
table model
sword
dagger
breastplate
table suffix
of vindication
of rage
of Muuss
and combine it to produce :
A dagger of rage
Breastplate of vindication
The sword of Muuss
dagger of vindication
The dagger of vindication
etc...
This is not possible atm with eqemu. The server isnt able to produce random gear.
To do it statically, IE adding it yourself to the database, you would have to write a full set of scripts, with these tables, adding restrictions and more combinations, with their limits....
After that, the question of stats would appear, how to combine them ? how to produce something homogene enough ?
Muuss' Breastplate ?
Breastplate of Muuss ?
If all this was working, it may produce some datas to source to the items table and... now what ? mobs would have to drop them, so you would starting to add them to the loot tables. You could also replace the actual items by the new ones, expecting to avoid to give a 70 AC BP to a firebeetle
So for your question, as i understand it, the answer is "no, not natively, but you can still do it by yourself !"