Given it's a six round revolver. I'd like a buff to damage. You're not going to get more than 6 shots before reload. Maybe a slightly faster reload speed. Then give it 3x headshot damage. That would balance it out.
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Actually the legendary hand cannon comes with 12 rounds, and I'm pretty sure one of its upgrades also gives it more, from Vanguard vendor i think it was.
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Yeah, they've changed hand cannons since beta. I have one with 8 rounds and massive damage, it can have more in the magazine.