I could name many instances where it's situational but you can have your opinion.
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How is it more situational than every other weapon in the game? I have had IB since early in the game and find it a solid choice for almost every situation. Great for raids, weekly and general purpose. Only times I don't use it are for hoards of enemies flying at you which is rare and if theres arc or void burn.
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I never said it is more situational. However, sniper rifles are situational just like every other type of weapon. There are many times where a scout/fusion rifle combo are far more effective.