THE TIME FOR STAMBLADES IS NOW LADS! We are suddenly the top performing dps of any dps build. Though we lack survivability, you can completely blow stuff up if you farm the right gear.

Either
-5x Night Mothers Gaze/Hundings: Craft-able and offers good damage in all scenarios. Night Mothers is better than Hundings usually but don't run NMG if someone else is, use Hundings instead.
-5x Spriggans: This set offers a lot of physical penetration like Night Mothers, but does not provide the debuff to allies like NMG does. BoE so its buyable, good in pvp too.
-5x Twice-Fanged Serpent: Best in slot for stamina builds in trials now that don't have optimal support sets, this set is too good to pass up in those cases. 5k physical penetration means you can skip Kra'ghs and go for Selenes/Velidreth.

-2x Velidreth: I'd recommend Velidreth if you have optimum armor pen. The cleave damage from Velidreth makes it the winner in boss fights with adds along the side.
-2x Kra'ghs: If you need extra armor pen (which is fair enough) then use Kra'ghs. You wont get as high damage with this set's 2pc proc but the physical penetration is not to be taken lightly.

5x Vicious Serpent: With Morrowind's cost reduction, the reduced Stamina cost is a godsend, allowing you to sustain a lot easier while still receiving the Minor Slayer buff. Ideally you run 5x VO at all times, so run it on things that are not weapon slots.
5x War Machine: With the low cost of Incapacitating Strike/Soul Harvest, you will deal insane damage and provide insane damage to your team, provided you cast the ulti off cooldown. I prefer this over Vicious Serpent, as these days sustain is a little easier.
-Agility and crafted weapons: I would use this combo until you get the dropped sets...if you get them.

Dagger+Axe: This setup works best for long duration fights. For shorter fights, 2x Daggers tends to perform better. If you're using Vicious Ophidian and Twice Fanged, you might not have a choice what Sharpened weapons you use though. Doesn't matter if you have 2 Sharp axes or 2 Sharp maces, use them.

1x Maelstrom Bow: The empowered Volley makes this the winner. Masters bow is also quite good. Crafted or other Set is the third best alternative. The bow is best used in Nirnhoned.

If you're still leveling, just use 5x Hundings 4-3x Night Mothers and any any old jewelry you find