While Auto Rifles aren't all that good currently in the sea of thorns and shotguns, this auto rifle really helps a certain playstyle really shine. The low down p-xiv from arcite is really good for an extremely aggressive/ambush close range playstyle in the crucible. I use it with the ram on my voidwalker to tank most of the damage and finish every encounter at close enough range with a melee after blasting them with bullets. Pair it with hidden hand and extended mag and you got a bomb ass snub nose killin machine! This thing and other autos are only going to get better with the upcoming buff.
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Yeah, I love my Low Down P-XIV and it's easily my favorite auto rifle in Destiny. You're absolutely right about having the right playstyle to maximize its strengths. With the current Hand Cannon and Shotgun status quo you really need to get the jump on opponents. Fortunately this Auto Rifle is a precision hit machine. The first Low Down I found came with Battle Runner/Glass Half Full/Smallbore, then I went out and purchased the vendor version which has some nice perks on it as well: Crowd Control/Counterbalance/Rifled Barrel.