PhD in Elec Eng here. Lightning vs armour is an interesting topic and I have 20 mins spare...
TLDR; If it's "magic" lightning, the devs should just do as they please to maximise fun. Release the carnage!
Long version:
The physics behind it is quite straight forward. Lightning is electric current which will take the path of least resistance to ground, thereupon completing the electric circuit. If a person's body is completely enclosed (or encaged) by a strong conductive material (metal), including right down to the soles of their feet, they will probably not take much damage from a direct hit. In such a case, most of the current will pass through the metal to ground. That assumes there's a complete electric path for the current through the metal, and that the current doesn't heat the metal to destruction, or to a point were heat damage exceeds electrical damage leakage. The person
may come through relatively unscathed. It's much the same reason you'd rather be
in a car that's struck by lightning rather than just outside it.
Unfortunately, most metal armour doesn't provide a complete electrical circuit to ground. If a person is wearing a chain shirt only, or even worse, a chain shirt and metal boots, they'll have a big problem. The chain mail will act like a low resistance terminal on one end, and their boots/ground at the other end. Their legs will complete the circuit as the path of lowest resistance. The result won't be pretty. If there is a direct contact between the bottom of the chain shirt and their flesh, the results will be horrendous. I'd expect at that point the current would in effect fry the upper legs to a crisp, in effect funnelling the current through a very small surface area of the upper legs/groin. Padding will help, so if there's no direct contact with flesh, the padding will help distribute the current across a larger surface area through the chain to the (mostly lower) torso. There may be less burn damage if spread out, but since almost all the current must pass through the legs anyway, there's every likelihood the person may lose their legs. This is a situation where the chain armour can act to concentrate the effects of the lightning, saving some areas (upper torso perhaps) but making it much worse in other areas.
And then of course there's the issue of the electric shock stopping the heart. My feeling is that a chain shirt would help protect against that, but there would still be (lower) current passing through the upper torso as well.