Wait A Sec... No, Nevermind, Let's Just Go
Remember that you don't get to divvy up these items. The entire party gets one item from the altar, total. One item total per fight. That's the scenario. Whoever picks first, the two other objects disintegrate.
While you guys are deciding about the magic item, let's just go ahead and take care of the Level I fight. It's orcs! One orc per combatant. I'll assume everyone's in, with each to their orc.
So here's some orc attacks.
Brogg, hit for 3 hp.
Cinder, critical fumble.
Dave, miss.
Marivhon, hit for 4 hp.
Renwick, miss.
Beautiful. I predict good things for this combat. Can you guys do it in one round? If you can, there's a bonus prize. How 'bout that.