Step #360 in the Total Overhaul list
fPickPocketMod modifer from
0,05. This makes pickpocketing actually useful and allows you to steal valuable/heavy items with enough Sneak/Luck.
Note: This mod affects the balance and gameplay in a way that might not provide the best experience for a first playthrough if you want a more vanilla Morrowind experience. Make sure to read the documentation to ensure these gameplay changes fit the experience you want.