It will still 2 shot a player. The health lost is not that much, but it cans get you in trouble. I used it a few matches; just got it last night. It has great stability and it does decent damage.
I do not think it will be a crucible weapon of choice, not even a second choice. I do like it and think as long as I watch my health will do good with it.
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It doesn't 2 shot
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It did when I used it on the extra damage perk.