Since people seem to still be gravely misinformed about the subject, I decided to make a video demonstrating the effect of differing Attack Ratings on damage output. Tested using a maxed [i]Word of Crota[/i] and a [i]Peccadillo's Grace[/i], the lowest Attack weapon of equal Impact I was able to obtain, against level 1 enemies.
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Oh shoot...what does attack even do???