The fourth horseman has been through a lot, I also too think it needs a little love. I like your idea of the middle perk node change; however, I think bungie is seeing the model of the gun a little differently than us. After all, "It's not a holdout weapon, it's a pathfinder." ;)
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Yes, it needs love! It needs love badly! I would cry tears of joy if they gave it Hammer Forged!