Eq is a little more androgenic than nandrolone. As far as the water thing goes I would say that they are about even as nandrolone aromatizes at about one third the rate of testosterone but the progesterone it makes does cause a little water retention too. ....all in all nandrolone causes significantly less bloat than testosterone.
Eq aromatizes at about half the rate of test.
As far as gains go it is a toss up as they are very even....I would give the edge to Eq but some find nandrolone better.
If you have your heart set on 100mg of gear per week then I would suggest 50 of nandrolone and 50 of Eq as opposed to 100 of EQ as the first example would be less androgenic..........you are pushing the envolope either way ...expect sides and probably a lowered voice tone if the cycle lasts longer than 4 or 5 weeks.
EQ has a very long half life so if sides come on then you are stuck waiting it out for weeks as they get worse. I think the best long acting esterifed roid for females is either nandrolone deconate or primo as they are both less androgenic than Eq.
Better yet stick with the short acting esters so you can bail out of a cycle if bad sides come on...ie nandrolone phenylprop and orals, especially oral primo if you can find it.
Spats mentioned test and test is actually not a bad hormone for females at low doses since it is not a foreign hormone to the female body. The only test that I would recommend would be test prop due to its short half life. I would not do over 50-60 mg per week either. My wife did well on test prop but decided to stop the cycle short because she wasn't comfortable with her clit growth...although it wasn't too bad IMO.
RG