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.