The Ram only provides an additional 20 hp. I don't think it's worth everyone flipping out over. I'm not saying it's a bad exotic, it's good. But it's nothing to go crazy over in my book.
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Survives a non-peregrine shoulder charge. That's pretty substantial.
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20 hp is quite alot when everyone has less than 200.
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It literally gives the Warlock more armour than the Titan... On top of the extra recovery they already have. That seems like a balancing problem in my book when the Titan gets no extra benefit. It's like Rock, paper scisors, but now rock is equal to paper. Why would anyone pick paper if rock can now do everything paper can and more.
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But it is an exotic. They have to get the helm. It isn't something that really makes a big difference. I personally don't even use mine because it isn't that great. It only pisses off titans the most because shoulder charge has been made even less useful.