Nubish Questions I Know

The way item drops work is like this:

MF% affects Quality of the item (Low Quality, Normal, Superior, Magical, Rare, Set, Unique)

Character Level determines Item Type (Normal, Exceptional, Elite) and magical bonuses (Magical Prefixes and Suffixes).

Runes just drop randomly. It's all just drop% with Runes, and there's no way to increase your rune drop rate.

so if what you are saying is true Vollstrecker then lets say i find a unique Tiamats Rebuke...since MF betters then kind of item...(low quality, normal, superior...etc.) then i should be able to find lets say a Wf or a Ss and all the other good stuff? pardon me if im wrong but please explain more