Touch of Malice will be fair. It will make you easier to kill because you're losing health each time you're firing another shot. Ya know what also is fair? Un nerfed fusion rifles, and a Year Two Vex Mythoclast. I'd use that all year if I could. Again.
EDIT: Touch of Malice doesn't do double damage on the final shot. It does like 1.5x the damage (which is the same as adding half the original damage to total damage).
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Thanks for the math lesson!
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Oh, you're welcome.