Yeah it's definitely not [i]all[/i] great. Like you say the HMG is perhaps the best, and the sniper is no slouch, either. The cocoon perk is just inspired, and that alone is worth a good rating from me, haha. For the armor, the looks are indeed cool, and the perks are pretty useful. Definitely among the more interesting raid-specific perks out there. I mean, I haven't kept much over time, but that's as much a function of vault space as it is inferior gear (I had such hopes for the hand cannon...)