.....come TTK, prove me wrong.
Its pretty much a PvE exclusive, you'll have to walk around firing your primary off and be reloading constantly, it takes up your exotic slot and you'll have to get like 250 glimmer for it to even be worth it. It also only has a [b]CHANCE[/b] to drop glimmer and the second perk is actually a disadvantage since its taking away orbs you may want to save for recharging your super after you use it.
Probably the worst designed weapon/armour in the game.
ATS-Arachnid > Alchemist's Raiment.
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Yeh what a waste this one is! Its only a chance of glimmer! Who will honestly run around looking for primary just for a chance of glimmer? Crazy! Whoever though of that should be sacked! Glimmer should be giving for everything you shoot