Subject says it. Can't vault prisms, can't reset rank if inventory is full of prisms, have nothing to spend prisms on if inventory is also full of golfballs, and can't vault golfballs. Don't have anything worth masterworking that isn't already. Add to that the stupidly low storage limits on these things and it's another example of Bungo treating player QOL like crap.
And add to that the inability to dismantle a brick at a time of Mod Components, which can be vaulted but are pretty much worthless in large amounts. Malice or stupidity? Your call...
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I get it is strange to have to delete something that you "earned" just to be able to reset but it sounds like you have way too many things you don't have any use for. Would it hurt you to delete a few to be able to do something you are interested in? Or maybe we could convince to Bungie to make it cost prisms or golf balls to reset rank? That would also solve your problem but it would affect everyone so that might not be so nice. I actually wouldn't be surprised if Bungie decided to follow that suggestion.