Holy moly there is a bunch of crazy ideas on here. My take, this is totally not what Bungie had in mind with this perk on the scout rifle, they thought it would be used to pick ammo from afar not to continuously use and gain max heavy. In my eyes this is the same as the infinite revive glitch that Sunsingers could use awhile ago.
Doing this may not be "cheating" (I consider it cheating) this is really disrespectful in the same way that infinite Sunsinger revive is.
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I'm with you, it's cheating. I'm sure Bungie will patch it.