There are various upsides to this imbalance. Max level players are able to complete lower level content with ease, allowing them to swiftly complete missed quests and achievements in earlier zones, and can travel through zones without being constantly attacked, since mobs will only attack players several levels higher than them if walked directly into. Max level also makes it possible to solo earlier group content such as dungeons and even raids, making farming loot such as mounts far easier, and for those interested in a challenge opening up a new subtype of play at slightly higher levels.
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Update: The reason for less experience from gathering is due to how Blizzard revamped professions and broke them down by expansion. In order to get full exp from gathering you'll simply need to find a profession trainer for the relevant expansion. (WoD you just mine or herb the first one ypu come across and the game gives you a scroll for learning WoD gathering).
From my experience on the Beta as an enchanter/tailor, scrap every trinket (and maybe rings). Trinkets seem to always give expulsom and it's needed in the higher enchants. Scrap any cloth green drops for the extra cloth, but other gear and blues and purples disenchant for the mats. The scrapper seems bad at the return on some items. I'd scrap old Azerite armor and get some cloth and a bit of thread.
Take breaks. Unless you're straight up no-lifing it over a weekend or something, this leveling process is going to take ~40 hours. But any time you do need to step away, log out. That tiny little bit of rested exp is insignificant...but you never know when something might come up and you'll have to leave for a longer period of time than you expected. Better to be logged out and safe(especially with War Mode on) than AFK waiting for a d/c. Plus, you'll need to stretch, eat, shower, and maybe sleep. XD
To give you some perspective I leveled both a LF Ret Paladin and BE Rogue (so one started from level 20 and the other from level 1). I focused on getting the achievements I was missing for the Loremaster, so not the most efficient route by any means. I was using full enchanted heirlooms (minus the ring) and the WoW-Pro addon though, as well as having War Mode turned on all the way.
Fourth, beginning in Mists of Pandaria with the Halfhill farm, and continuing in Warlords of Draenor with various garrison buildings that produced resources, Blizzard has been making trade goods more plentiful and easier to obtain. In Legion, herbs, fish and enchanting materials were so abundant that a very small population of gatherers could supply more raw materials than the economy could consume.
Some quests in my guide are marked as "SKIP" and colored in red. These quests are simply either too hard to solo or not worth the XP/time and are skipped. My guide will only list SKIPPED quests if the quest is a direct follow up after completing a quest, not one that you have to click the NPC again to get it. If you hover over the skipped quests, it will give info on why it is skipped in the guide (unless that info is already listed directly in the guide text).
The zones in Battle for Azeroth are littered with treasures and rare spawns that give the same amount of XP as quests. With Zygor's Leveling guide these points of interest are displayed directly on your map and can be clicked at anytime to add them underneath your current guide step. The guide will then switch focus to the POI, direct you to its completion, and tell you how to complete it.
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Congratulations on reaching Level 120! There are a myriad of new things to do. The first thing you should do is head to your faction hub ship where you have been doing your mission table quests and footholds to pick up and complete the quests necessary to unlock World Quests. World Quests will provide you an opportunity to grind reputation levels, acquire gear, and gather Azerite. There are tons of new things to do that we will cover in our Level 120 Battle Guide found here: Level 120 Battle Guide