Its good
A few things:
I hate losing exp when I die. It is a good penalty for dying however at level 11, I'm having difficulty with how hard the fire slimes are hitting me. these guys are my level which makes it difficult to gather EXP and level up when they are so difficult. So, when I die, and lose 200 exp, I dont feel good.
You can find other ways to penalize the player rather than make them be too afraid of facing off against groups of enemies.
Excellent game overall. I'm finding it difficult to face enemies my own level at 11. That could be me. I have the latest gear for my level. I have a reasonable amount of points in constitution. But maybe I'm doing something incorrect.