It gives the same as materials.
And they are really not that rare .
I get about 20 per hour.
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I don't get them very often but I don't run a ghost for them or use Matterglass. I think that clip might be the third time I've turned any in. 😏 Whatever I get pretty much just sits in my inventory. I do agree though, the difference isn't near what people seem to think it is sometimes. I think it may somewhat be due to having to click so many times for a level up (even though they are turning in fewer per click) compared to the materials. Just a perception of taking a lot more.
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Remember when bungie said. "We increased gunsmith rep cost TEMPORARILY because many people stocked up on gunsmith materials" During forsaken patch notes. And they never reversed it back to 20. Because i remember. Also..banshee's favorite is going on my masterworked ghost next season purely because of those materials. Proxy nade energy grenade launcher just racks up those materials. I just see on the side of my screen +2 +2 +2 Everytime i kill a group with 1 shot.
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I vaguely remember something about that. My memory isn't very good though. 😉 If I ever find myself short on materials then I might need to look into getting more telemetries. I get it though, if you're killing things anyway then you might as well be getting some telemetries from it.