I witnessed proof today that owning the Gjallarhorn does not make or break a Guardian. (And forgot to push the button to record it.)
During the Omnigul strike, the player with me fired his or her G-horn without making sure they were clear of the obstacles in the room. The round promptly detonated on the nearby wall, resulting in a "Guardian Down". I was almost laughing too hard to go revive him.
Is it a nice rocket launcher? Sure it is. Is it a magic bullet for all of your problems? In my opinion, no. No, it is not. I'm just as happy without one.
Looking for anyone else with good stories about a G-horn moment....
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I had a moment in Omnigul strike where I fired a rocket just as a Titan put a shield over my spot. It was with a Hunger of Crota. Any rocket launcher will do that to you, just as any rocket launcher would kill the guy you're talking about. I have Gjallarhorn. I'm no better or worse with it.