I am attempting to make more of an effort to document how you do various things in Outward mostly because people starting modding for Outward this late will really struggle with absence of any documentation, because some things are not very intuitive even under the best circumstances.
This will assume you know atleast how to install and use SideLoader in order to export an item into a folder.
is a mostly game dev technique (but not only) for reducing the amount of memory used on textures while still retaining good visuals/reaction to lightning/shadows, this is done by using one of each channel on an image (red, green, blue, alpha) and mapping those values to something in-game.
Now you no longer need a texture for each thing you want to map (wetness, light, emission, metallic, smoothness) you can instead merge these into one texture, where each channel controls the value for a certain property while there is a certain 'standard' this is very much down to the implementation in the shader itself.
In the case of Outward this means
Red : Metallic
Green : Unused as far as I can tell or maybe Ambient Occlusion
Blue : Smoothness
Alpha : Unused as far as I can tell
Now I took the Wolf Tower Shield(A) and made two copies of the item (B Shiny Wolf Shield) and (C Super Shiny No Detail Wolf Shield) being sure to give them new IDs. Then I edited the _GenTex file which is the texture property used by Outwards default shader this is specifically our 'PBRMap'.
If a model does not have a _GenTex or it does but its white/black then you will need to create your own, you can usually just draw a silouhette around the maintexture and draw the outline on top of it.
So if we understand PBR then we know, according to Outwards implementation if we want to make a particular object very shiny(blue) + metallic(red), then we need to color our _GenTex texture purple at the highest values.
Effectively the color we use determine how much each color channel is used.
We also have Shader properties we can play with you will find then in the folder for the material of that particular item in this case its ...'SideLoader/Test/Items/NewWolfShield/Textures/properties.xml' but it will vary slighly for you, in this file you have all the available shader properties where you can change and edit the values, in this case of the edited shield and the super shiny shield I used these values.
Regular Shield at night
Regular Gen Text
Edited Shield Smoothness and Metallic values increased
Edited Gen Text
Edited Wolf Shield
<ShaderProperty xsi:type="FloatProp">
<Name>_SmoothMin</Name>
<Value>0.5</Value>
</ShaderProperty>
<ShaderProperty xsi:type="FloatProp">
<Name>_SmoothMax</Name>
<Value>1</Value>
</ShaderProperty>
Edited and Super shiny max smoothness shield together (you might notice it looks almost like its wet because both smoothness and metallic are at the maximum possible setting generally you would never go this high
Edited and Super shiny max smoothness shield GenTex
Edited Super Shiny Wolf Shield
<ShaderProperty xsi:type="FloatProp">
<Name>_SmoothMin</Name>
<Value>0.9</Value>
</ShaderProperty>
<ShaderProperty xsi:type="FloatProp">
<Name>_SmoothMax</Name>
<Value>1</Value>
</ShaderProperty>
Since this techinque also deals with specularity of an object too, you might want to change the _SpecColor property too, for example if you were making golden armour, you might set this to a very light orange/yellow
SpecColor
<ShaderProperty xsi:type="ColorProp">
<Name>_SpecColor</Name>
<Value>
<r>0.9</r>
<g>0.6</g>
<b>0</b>
<a>1</a>
</Value>
</ShaderProperty>
For a more obvious example heres how this armour set looks before fiddling with the _GenTex
Heres that same armour but with metallic and smoothness values maxed and a golden specular color (the brighest spots are the specularity coloring)
Fully mapped smooth and metallic with no Ambient Occulsion (thats why its so dark)
And here again the same armour but with proper mapping applied
Mapped and Colored MainTex GenTex
As you can see I all the places I wanted to be both shiny and metallic, I painted purple, everywhere else such as the cloth is painted black.