Personally, I like the Fabian Stategy. I think it's a fairly good weapon with lots of potential. Problem is, Bungie tried so hard to avoid creating an Over Powered weapon, that they unintentionally created an Under Powered weapon. This rant is me explaining how I view the case of Class-Exclusive Exotic Weapons.
Looking at the class-exclusive exotic weapons, I figured out that Bungie gave the Warlocks the real deal, but were really more than a bit cheap with the Titans, Exotic class-exclusive weapons are actually not really as balanced as Bungie would think they are. Tlaloc and Fabian Strategy is an excellent example. The Tlaloc's exotic perk, Overflow, grants increases to fire rate, stability, range and handling. Overall, the weapon becomes a very strong competitor to the Mida. The Fabian Strategy's exotic perk, Front Lines, functions much in the same way, Exept with one, very major flaw that makes it inferior to the Tlaloc: The impact is reduced. The Tlaloc's impact is left unchanged and the fire rate is increased, and but the Fabian Strategy's impact is reduced while fire rate is also increased. Now this is something I can only interpret as Warlock Favoritism.
Overflow basically takes the Tlaloc from a Vision of Confluence-type Scout Rifle, and turns it into a Mida-type Scout Rifle. A very dramatic increase in effectiveness. Notice how it functions from like a Year 1 weapon to a Year 2 weapon.
Front Lines basically takes the Fabian Stategy from a Hard Light-type Auto Rifle, and turns it into a Necrochasm-type Auto Rifle. It makes a decent weapon into a poor weapon. Notice how it functions from like a Year 2 weapon to a Year 1 weapon.
The main point I'm trying to get across is, Why? Why do Warlocks get a top-tier weapon when Overflow is active while Titans get a mid-tier weapon when Front Lines is active? (I left Ace of Spades out of this because it's a perfectly balanced weapon, good job with the Hunters, Bungie). If the weapon simply didn't recieve an impact reduction when Front Lines is active, than all the class-exclusive exotic weapons would be on the same level, rather than Warlocks and Hunters on top, with Titans further down the line, and the classes more balanced overall. If the impact was left the same with Front Lines active, it would probably be used a lot more than it already is.
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imagine a nightstalker with a pulse/scout with a perk like that. hnnnnnnng