You probably just need to get better. It is a beautiful Sniper rifle. Only [b]badasses[/b] will know how to properly use it. It's better than Black hammer and ice breaker combined. Yeah I went there.
Edit: You even have people who've soloed Crota's End using only NLB. Allow the saltiness to commence.
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I like the NLB, my only issue with it, is that it's damage is around half of what my Ice Breaker does. Yes, I know it is a sniper I can equip in my primary slot, but I am giving up an exotic slot that could go to a higher damage gun, for it. Still, it's fun as hell to play with.