I believe this challenge requires some thinking by Bungie's team as it is more challenging than GM's and Ultimate version of GM, which makes no sense.
The issue and not the first time for an event is the time allocated and then also the way it is linked to titles and progress at the guardian's rank.
Having run several attempts, we get to the reward chest or sometimes in the jumping part only to see all lives lost as the timer runs out and people fall the jumping element. It feels to long a challenge for Master level and should either allow more time, as done before or change to a different challenge.
In addition, you can not progress past guardian rank 7 without completing this challenge! Not a great deal of planning would appear to be in play on this.
Given the number of players has fallen over the years, the pool of people wanting to attempt this activity is low, making the situation extremely difficult to achieve.