The real problem here is that the weapons from Vault of Glass and Iron Banner are the best weapons in the game and they were both introduced on day 1. They are even better than exotics. Every time they release a new expansion they dump a ton of new weapons at us, but none of them are as good as weapons already in the game since day 1, the only exception to this is The Scholar (Adept).
[b]Screw the Exotics, I'd rather be able to ascend the VoG, CE, IB, and ToO weapons! [/b]The only exotic that doesn't have a better Legendary equivalent is Gjallarhorn which is getting nerfed in TTK.
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They really should just balance it out. Ive taken a good look at all the Exotic and collection type legendaries out there and there really aren't that many that are holding back year 1. 25 potential problem weapons, but definitely less than 50 that make year 1 too strong. Here's my look at it - https://www.bungie.net/en/Forum/Post/148751028/0/0/1 if you care for how i came up with it.
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Sad but true, Fatebringer easily would be worth the exotic slot as it still is the best primary against single targets and for mob control in my opinion.