No it doesn't. We saw it in use, but for all we know the guy was wearing the helmet. That would make more sense wouldn't it?
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But the perk that activated when he began to float said something along the lines of "Overcharged" I believe. Makes more sense that it'd be associated with an arc auto rifle than a a magical helmet considering it hints towards electricity.
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Bungie aren't that stupid. I'm pretty sure that the rifle chains rounds or something. Why would they give a rifle angel of light? It would be pointless for warlocks and then the helmet would be useless.
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I'm just pointing out what I saw.