Doing three characters through the weekly heroics, nightfalls and random luck coins got me to where i could afford the warlock gloves, knucklehead and red death all in one week. But regardless, I'm happy to get my red death! I'm liking it so far, but it'll take at lest a couple more weeks of using it to fully understand what its true capabilities are.
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Once you get the red death perk you'll understand. It can be a life saver in pvp.
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I have said perk, but it will still take time to play with it and see just where when and how it really shines. It may sound obvious, but still it takes a bit to grasp the full weight of its abilities. But as i said, i can't wait to find out.
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You're going to like it. Get a kill and your health is low, instant full health. Plus you get a faster reload with each kill.