In my opinion it's the best PvE handcannon. Still wouldn't raid with it though lol. It's not really good in PvP. Passable, but not good. Do the Hawkmoon/Curse/TLW/Eyasluna thing if you're hunting guardians.
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I have used it up to totems, and during the oryx fight if I am on a plate. works just fine. also, if you end up being the gaze holder for golgoroth, that thing is great for the orbs, won't have to reload at all.