Gunslinger lasts for like 12 seconds, not enough time for shots & knives IMO.
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I mean it mainly makes the circle of life perk worth using. Keeping your GG up with throwing knife kill is useful of you pop it and no one is around, throw a knife to keep it going until you can find a group of people. Also makes Celestial Nighthawk useful in PvP. Use the knives on people and save the shot for sunbreaker.