This thing has been absolutely destroyed over the course of the last few patches. It has had it's range, stability, accuracy and exotic bonuses nerfed since 2.0. This weapon has no purpose since pretty much every weapon is better than it. Hawkmoon really needs a buff in at least the range and accuracy department, and a big one at that. If it were to get a lucky bullet damage increase and stability increase also, that wouldn't be all that bad, either. Just increase its range and accuracy. It needs to be worth the exotic slot again.
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All HandCannons are OP. In no reality do they have the range and damage at that range (nor accuracy) that they have in this game. They should not be able to outrage or out-TTK an AutoRifle in any "reality". It ..along with shotguns have become over utilized as "crutch" weapons for less skilled gamers. My opinion is that it should be a secondary weapon anyway... No one runs around in a combat theatre with a HandCannon as their primary weapon... They would be gunned down EVERY TIME.. Lol