It's high impact is of no consequence, not even for range if another hand cannon has the right perks. My Finala's Peril is just as dangerous with lower impact due to the fire rate. They both take the same number of hits at all ranges, and the equivalent in PvE. Now, this is not an exotic vs legendary argument. This is an HC archetype argument. Your high impact archetypes (TFC, Timur's Lash) have no advantage over Medium Impact Medium fire rate, In fact, high impact hand cannons are inferior. You can nerf the stability all you want, but an HC aficionado is still going to own with a gun like Finala over TFC or Timmy's Lash.
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High Impact HC should be 2 headshots kills otherwise they are useless. Any other HC can kill in 3 shots with much better ROF. Why not do it like scouts? Lower impact/High ROF are 4 headshots kills and High impact/lower ROF are 3. I like the weapon and the style it represents but i know i'm handicapping my self for using it. if i wanted range + damage and 3 headshots Jade is far better on every playlist
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The rate of fire should be merged but it should do 105 to the head and 72 to the body.