I thought I read somewhere that explosive rounds aren't as bad as you make them seem. I would investigate that further before you give up on any weapon. Something about how if you kill an enemy with Explosive rounds, that it makes it seem weaker, by the damage numbers, than it really is. But idk, I'm not an expert in Destiny Explosive Physics.
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Afaik, half the damage becomes explosive and half remains normal. The explosive part does damage is extremely close enemies. For body shots, this is fine and 100% normal damage. For head shots, the explosive part does not get the 1.5x multiplier and you do less overall damage. Especially to bosses and yellow targets
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Alright thanks for letting me know!