Handcannons destroy butts in PVE but can pound butts harder in PVP if in the right hands. I decided to play some Crucible with those bad MF's. The handcannon I use is the Lord High Fixer. Does some nasty critical damage and if aim is true can go up against a sniper or scout rifle. It's unforgiving if shots are missed but it's rewarding when the bullets hit their mark.
P.S. Editing is pretty crappy.
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Try out the Polite Denial 0/1, Primed Big Sky Mk. 48, or Painted Big Chief Mk. 45 Slower Rate of Fire and lower Stability BUT... Higher Impact and Range. You'll be hitting 95's for precision damage. 2 headshots kill every time.