You're not alone about the weapons on the track; I found them quite underwhelming too. I've been having fun using the mods on hand cannons, but I haven't tried the ones we can use on other weapons yet though.
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Yeah they're just taking advantage of the ooooo shiny precious rare... It's the same kind of crap that trading cards do just because it's holographic doesn't mean it's worth anything... Just taking advantage of the fact that people are shallow and vain and have to have the rare pretty thing to feel valuable or have worth as a person...