The visible stats for the Casey Bat are misleading.
If you reach max level before the end game, you will have a bad time (this requires obnoxious grinding though, like going out of your way for 1/128 chance item drops and having bad luck).
There is a detailed walkthrough, a full list of item / enemy stats, and TONS of information at starmen.net if you get stuck, but try to play blind the first time and consider going back for 100% after.