I kept taking out a couple 4th Horsemen users with Swordbreaker in IB and I don't even have the first damage upgrade yet. The exotic version of the same weapon type should always be winning. My health didn't really drop a bunch either from their shots, and this is that exotics now have a higher base damage value over legendaries. Though I guess it's not a valid arguement since exotics start at just 302 in base damage value.
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It's just a bad weapon. And that really sucks cause I was looking forward to this weapon. :/ It has nothing unique about it aside from its appearance.