It's not even a viable option in PVP, just stupid, I've killed warlocks then killed them again on revive quite a few times.
In PVE it can be useful, but I run the armor perk, far more useful to the team IMO because I don't have to stash it until an emergency.
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You obviously don't play control with a bunch of friends... Lol it's great for grenade spamming & your super makes everyone else's grenades come up, you can punch shield, you can revive and help your team flank or hold a point after a trade death... The list goes on... Yep pretty useless haha