[b]When Tlaloc's Exotic Perk is Active, it should gain elemental damage matching your Subclass.[/b]
This makes sense Story-wise, since the Overflow perk is using the Warlock's Light to power the gun.
And since the weapon is all about trading your super, it seems fair that you should be able to use it for elemental damage your super would have done.
Also, we need more Exotic Elemental Primaries other than Zhalo Supercell, and this seems like a good place to start.
p.s. You know how Bishop from X-Men can channel energy into his gun? Same idea.
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Yeh... No Maybe if they decided to give all class specific exotics burn then sure. But on its own, it's strong enough. I don't consider it over powered, since you sacrifice your super and nova bomb got a nice buff. But it is dangerously close to that line. Giving it even more without compensating the other guns is just asking for trouble.