It is barely used at all. so balance is not good. It is hard to shoot (with good results), and not very rewarding, so not much fun. It has very limited use on very few builds, much like its smaller mirror brother, the harpoon. I have made some suggestions in an email that I hope will be tested.
As for broadside Galleon.... the upwards arc decapitation has made it a very hard sell. Blenders can once again just waltz up and kill you. It is still valid on a Spire, though.