It's another effect of the unexplained stat changes. Most special Grenade Launchers have 100 Blast Radius now, while some Rocket Launchers go as low as 20. There some items with 0 Reload Speed, like Sweet Business and Tommy's Matchbook. Leviathan's Breath boasts an impressive 5 Stability, 0 Handling and 0 Reload now.
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The new rocket launchers have even lower blast radius. I have been dismantling most of them. I still have two of these Bump In The Night rocket launchers with blast radius 5 and 15. Their velocity is high, but these are specialized weapons intended for a single target instead of enemies in a group.