I've beaten the Conflux Master Lost Sector twice now, once flawlessly, and neither times got any rewards for it. Checked postmaster and not seeing anything there either. Might be a bug, so if anyone else has this problem feel fry to reply to this thread. Also, good work on bringin back KIngsfall Bungie, keep up the great work (And maybe take another look at buggy Golgoroth please and thank you).
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Chance for master platin is in the realm of 30~35% (if everything works as intended). Don't get lost in the wording. "Common" can be a cruel 20+ dry streak sometimes.