It's got a good range, good accuracy, great turning arc, good turn speed, a chance to start fires (making it a hybrid utility/lethal weapon) and a good synergy with ammo types. However, it deals pitiful DPS.
I feel if its DPS was bumped up, and given a ballistic arc so it's harder to use, it'd be a much more competent weapon. Right now, I enjoy putting it on the front of my Junker to be used at any range in a trifecta.