Chaining body shots for bonus precision damage is underwhelming and useless. It's just like a special legendary and also outshined by Dead Man's Tale.
Rework the rabbit, please.
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If I could give it anything I would give it Subsistence or Unrelenting. The way I see it Jade Rabbit is really just a 150 Hand Cannon in disguise, and it rewards you for playing like an idiot. From what I have tested so far its ok for anything, even hipfire at point blank range, but it isn't strong at any one thing. Jade Rabbit catalyst is a fun little challenge, currently at somewhere near 160-250 kills.