Seems like it does way more damage since rocket impact damage has been buffed by an absurd amount and you get one right after the other. It'd be cool if it was even better but it's already pretty strong burst of damage.
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It will kill the Ogre in The Rigs Lost Sector with 3 rockets (6 really I guess, but 3 ammo), where Truth takes 5. It definitely does more impact damage due to the double hit.