My main problem with Golden Gun was that it wasn't much good against the hoards of enemies you face in PVE.. I think unlocking Keyhole will fix that, as firing into a crowd will be much more effective.
As for it's damage against bosses, I agree that it is lackluster. However, I also found Fist of Havok and Nova Bomb underwhelming in this area as well. I think the trick to effective super use against bosses is going to be taking down as many adds as possible as you hit the boss. This will produce orbs of light that your Fireteam can absorb and come right back with a super of their own. Alternating between three or six people, this could result in much more frequent super uses and shorter clear times for boss encounters. That's just my theory though.
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If crowd control is the only effective use for all specials atm, then GG is significantly weaker in that area than either FoH or NB. Honestly keep those owning the mobs, make GG the one that does a crapton to bosses and heavies. Isn't that what hunters are supposed to be good at? Using precision against the walking bulletsponges to drop them faster?