No thanks. Sounds great in concept though ill give you that, but good lord it would be a time suck.
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Yes, you are correct indeed. However, the main time suck would be the Osmium Court, and once completed it would unlock individual raids of King's Fall and Crota's End. So if you so choose, you would only need to do Osmium King fully once throughout a week, and then never again, and that would unlock King's Fall and Crota's End to played individually for every week/season after that..