In the current state the warlock and hunter have a useful last ability of their jumps which is a very very nice blink and triple jump.
Right now the titans catapult does absolutely nothing. It does not increase the speed or the height. I think an appropriate fix for this that fits with the class is to make it a VERY VERY strong burst of speed jump with no slow fall animation/speed.
Or
A very very fast initial burst jump that knocks back anyone near the takeoff point but can slow down to normal speed on the fall.
Right now the move is broken.
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What about an "Armored Core 4" style quickboost to replace? Of course, it would need to be like blink though, where using it early in your jump will boost you upwards, using it late will boost you forward. The difference could be less speed than blink, but could maybe have two charges? I think it would be pretty cool and unique, since currently you can quick-tap "controlled lift" and gain comparable speeds to the current "catapult".