Darn. On the plus side, your characters are each one step closer to a "fun" drop. :)

-Disciple

I want that gun.

Rest easier knowing it was better before the exotics patch.

I'm in the process of upgrading mine now (it's the new 331 version).

So far, I'm finding it to be one of those niche weapons that can be incredible in specific situations, less useful in others. I was grinding glimmer on Venus (the courtyard area where the nexus strike begins). One of those "The enemy forces are moving against each other" events began. With Red Death equipped, I was able to stand my ground alone in the middle of the courtyard and take on the entire swarm of Fallen and Vex that came crashing in.

Against weaker swarms of enemies, it really shines. I was getting blasted from all sides, but I was regaining health almost every time I pulled the trigger. It allowed me to be a pure bullet sponge.

Where it's less useful is against heavily shielded enemies. Its attack properties are average at best, and it lacks any form of elemental damage. So if I'm attacking 3 minotaurs, it's far from the best choice. But if I'm up against swarms of thrawl (like say, during the beginning and end of the Crota raid) it might be one of the best weapons you can use, particularly if you prefer a "tank" playstyle.