Yes. Perk should be changed to Precision Hits.
No. It's fine.
I disagree immensely since it's been my go to exotic since it dropped for me awhile. I've used practically every sniper rifle in the game and have used god tier sniper rifles and will dismantle all of them for Zen Meteor. With all that said not every weapon released by bungie is viable for everyone it greatly depends on play style and just because you dislike the weapon and call it worthless doesn't mean the weapon can't be godly in another persons hands.