In my question here, about there being separate areas for the three alliances (factions) in Elder Scrolls Online, I was told, and I've emphasized what is relevant for this question:
You are correct, the only time you will "meet" other players is in Cyrodiil. Once you have completed the main story and reached Veteran rank 1, you will be given the option to play the Daggerfall covenant or Alderi Dominion quest lines. Even then you will be phased with other Ebonheart Pact players and see no other factions.
When doing this, will I:
- Play as level 50 character, in areas appropriate for level 1-3 players (to begin with), containing level 1-3 quests, mobs, and rewards? Meaning that I can probably just shake my fist to have mobs die, and the rewards will only give me a few gold?
- Play as level 50 character, in the same areas that level 1-3 of those other alliances have played, but with the quests, mobs, and rewards, scaled to level 50? In other words, here I'll have a chance to get gear, money, xp rewards, that is fit for my level 50 character?
- Play as level 1 (again) in those quest-lines, levelling up as normal (this scenario is unlikely, but I added it for completeness)
In other words, what exactly do I get out of this, compared to just starting a new character in another alliance and levelling it up as normal?