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Red Death destroys The Stranger's Rifle in PvP. As for PvE? The gun is a Level 16 Rare with a very low Attack modifier. It's worthless in higher-level challenges (Heroic, Nightfall, Raid, etc.)
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Faster fire rate and more range, And you can get a reloading upgrade.
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The return health when killing perk tho is amazing.
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what about in pvp? How fast does the red death kill? If you have enough time to return a decent amount of health using red death in pvp, you probably have enough to regenerate normally too