There was always two exotic weapons in year one that regenerated rounds, Ice Breaker and Invective. The Ice Breaker regenerated 1 round at a time and the invective regenerated 4 rounds at a time but at a much slower pace. In year two only one of them was moved over which was the Invective. As of now the invective has a ton of range when fully upgraded, a high firing rate, but not much impact.
Point of the matter is should the range be decreased or the impact increased?
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Neither it's fine as it is. If bungie nerf the range on shotguns anymore, people just won't use them and that would be a shame