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I personally would do bodies if you are worried about more potential loss. It's really not that much more work.
 
You'll have to sell the shields at a major discount due to the uncommon use. There aren't 11k players currently using them in the game mate, so go with the bodies.
 
definitely body's, my friend just did shields and lost a lot more than if he did body's
 
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Bodies will sell a lot easier than shields, only people buying them will be merchers as they know they can buy them cheap and sell for like 5% more gradually.

15,109 Bodies = 45,327 Hides
11,332 Shields = 45,328 Hides

Dragon leather = 4,830gp

Cost for Bodies = 218,929,410
Cost for Shields = 218,934,240

Sell Bodies Med = 7,712 ea = 116,520,608
Sell Shields Med = 9,614 ea = 108,945,848

High Alch Bodies = 8,088 ea = 122,201,592
High Alch Shields = 10,783 ea = 122,192,956

Nature Rune 296 ea G.E Med
Cost of Nature Runes Bodies = 4,472,264
Cost of Nature Runes Shields = 3,354,272

Total Loss Selling Bodies Med = 102,408,802
Total Loss Selling Shields Med = 109,988,392
Total Loss High Alch Bodies = 101,200,082
Total Loss High Alch Shields = 100,095,556


The lowest loss is 100,095,556 by doing the Dragon Shields, buying all hides at med, and buying all the nature runes at med price.
 
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I think bodies will be your best bet to keep your loss at the lowest amount possible.
 
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