I'm loving the explorer mode.
Fantastic idea and hope it opens into other things for solo players.
I wouldn't have the loot the same as for playing dungeons (maybe raids in the future) properly (with the difficulties as they would be normally), maybe give old season exotics and legendaries or something?
Anyway, I don't care about the loot, I'm just really enjoying the gameplay option.
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It's a great way for players to learn the mechanics and what to expect, this helps many players willing to give it try and eventually play on the tougher difficulties for loot and or goal oriented things like triumph and seals.