My total ammo with my unfriendly giant with chest and leg armor giving bonus heavy ammo AND with field scout is 7. If I take off any 2 of those 3, it's still 7. I feel like this is broken, especially since my steel oracle holds 8. Even if there are diminishing returns, I should have 9 rockets minimum based on the perks. I'm not trying to be greedy, but it makes my raid boots nearly useless.
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If you have a weapon without field scout, your raid boots will still be relevant. When you get another launcher to replace the one you're using you could put the field scout launcher on another character and use the new one so you're more efficiently using your abilities.
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The bonuses no longer stack after the infinite heavy ammo exploit was fixed