I never cheat when i'm low level, i only do it to skip some parts of the game that don't make much sense to me and when i'm already high enough level.
Like when i become king i want my companions to wear the best gear of their race (Matheld nordic, Alayen vaegir and so on) so to do it i bring up the item cheat and give them race appropriate items (i just like it that way for some reason
I keep looking for better items for them during my travels but i grab the essentials through the cheat menu, in my head it's like i sent envoy's to buy that stuff for me, hence the base items only - without prefixes.
I feel cheating robs you of too much immersion and enjoyment and when you start doing it you can't stop so i don't do it at all, except in this particular case.
My advice is: play Floris on normal difficulty from the beginning (or higher when you get the hang of it) with full damage and all, it really isn't that difficult at all, read through a few general guides and your set, no need for money cheats or teleport (?!) you don't really need those at all...
i did edit my companions and my own stats once through import/export, cause they've been built wrong from the start so there's that