reputations are the most important in the game ,but not all and there are some that u need to do at lower level around 6th : red boe or bov (one of the 2) , relics , and purple mercenaries and fortune hunter.
between 7 and 8 , focus on red badges ressources , and in the same time flaudins badge,
then at 9-10, red flaudins, red BOE or bov (depends of your first one ) , red hunter of undead , blue or in the way to purple jugg,
easys badges like mercenaries and fortune hunter at mage level when you earn a lot of gold on hunt ...
Valor is not a problem in the game if u like to fight on bf, in chaotics and later in abyss , and if u don't mind to loose sometimes ...anyway , in mage level u'll be really fatten with easy valor