Comparing the basic stats of a pulse rifle and a hand cannon I will always use a pulse rifle, hand cannon wont see much use unless they can actually stand up to other weapon types, my suggestion is to increase (range and accuracy), (fire rate and stability), or just plain damage.
Destiny Issues and Suggestions List
http://www.bungie.net/en/Forum/Post/66494219/0/0
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Personally hand cannons are my fav weapon type currently I have no problems with accuracy but range would be quite nice. As far as dmg goes I can one shot dregs two shot vandals and three shot elite vandals captains arnt even a problem