i am not saying its bad, but than there's the math, by no chance it can match a 331 HC when fighting a lvl 31+ enemies (...provided they have equal impact ofc), that's simply how bungie created the damage distribution and levels
...on the other hand, for any activity up to level 30 its most likely The one to go for ;)
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I tested it actually, my the devil you dont at 331 was still two shots just like fb, my chance at 331 same thing, more than fb but still two shots (as a level 31)