The Hammerhead has become destiny 2's Galijhorn, unintentionally stronger than it should be and completely overused. When playing gambit, gambit prime, or crucible, the Hammerhead has killed me more than any other weapon by a significant margine. Out of all the weapons in D2, one weapon should not outshine the rest, which was the reasoning behind nerfing the Galijhorn originally. When looking for people to squad up in crucible or gambit, the first message I get is "You got the Hammerhead?"
I'd recommend a 10% firerate drop and a small damage cut. Nothing too huge, but enough to make it not "the only gun in pvp."
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Never seen a LFG post require you to have Hammerhead.