The amount of time that stuff despawns after death really needs to be changed. It's usually 5 minutes or so iirc (but the chunk shouldn't have been loaded the whole time anyways). I died again at the blue ink factory and respawned in Aahrus. Last time this happened I lost everything, however this time I decided to be much much quicker, timing at about 3 minutes. When I got there I had lost essentially everything...thankfully this time I was traveling light and the only thing that I noticed missing was some wood, 50 iron, a clock, a map of my region, a couple tools and a boat. Most of which I am ok replacing.
So, tomorrow Bla I am bugging you at maybe getting my enchanted sword and bow back...