Gaming the System

Mods are incredibly popular in Skyrim for PC gamers. There are mods that change the look of bread, the horses into My Little Pony, and more refined ones that change the basic dragons into high fantasy dragons, as seen here. While these may seem frivolous, there are other mods that change the very fabric of the game, and make me wonder if those who install and play with these mods are playing the true Skyrim, or something they have created themselves. One such mod tampers with the entire smithing system (Val's Crafting Meltdown). It allows you to smelt everything that is composed of metal down to the original components. Plates, tankards, armor, useless weapons, etc. are fair game to be reduced to an ingot that you can then use to create the items you want.  What I discovered last night, as I saw this being done firsthand, is that once the item is created, it can be re-smelted, and remade in an endless smithing boosting cycle. You can use the same components to create the same items endlessly, giving you a master smithing set in no time. This seems like an excellent mod to have, because those of us who have leveled smithing the traditional way can see the appeal of sitting for ten minutes and having capped the perk. But is this too much of a cheat?

I'm in favor of mods, to an extent, but not those that change the way the game is set up.

I'm interested to see what you guys think.