This is just me, but weapons of light should provide at least +30% weapon damage. With well of radiance, you get constantly healed, pretty much the same damage resistance as a void overshield, AND you can shoot from inside the super. It would be nice if the ward could also drop additional orbs of power as it takes damage, like with sentinel shield block and back in Destiny 1. And lastly! Ward should stay active even if the titan that cast it dies so that you don't waste all that super energy; at least in pve!
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Ward is protective..not meant for attacking. If you want a damage buff use sentinel. It provides a 40% damage buff to people behind your shield and they can shoot through it.