Would it actually break the economics if we remove asmodeum, phoenix weave… cooldowns?
if you remove cooldowns basic meterial prices would go up
and asmo/ runic etc. prices will go down.
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yes
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So every node would be kinda equal.
no it wont be equal
as you know to craft higher meterials you need so much lower tier meterials
for example to craft asmo you need 50 ori , to craft ori, you need starmetal/steel/ iron charocal / flux…
long story short lower tier meterials will be always in demand and supply will probably be same as now
that will raise the prices of lower tier meterials more.
we might have to pay 1-2 g for green wood or more at some point 
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