Pretty sure it was a nerf due to bows. When forsaken dropped, Bungie needed a way for guardians to stick with bows. The only other archetype weapon that could outshine a bow is a good old fashioned scout. They nerf them, and bows are the better option now for medium to long range.
I miss using Nameless Midnight. As soon as Forsaken dropped I master-worked one with year 2 perks. I regret that decision, it is so underwhelming.
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I did the same thing with my Nameless Midnight when year 2 perks first became available. It has sat in my vault ever since.