Grenade regen is still too low for DPS, and the nerf to regen on kills makes it less good for add clear.
Why bother reworking, and calling it a "well deserved boost" if it's actually worse at the only thing it was actually still okay at doing and still unusable for the thing it used to be good for?
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I mean it’s definitely a buff and in neutral it lets you use healing rift or phoenix dive. Next season I’m pretty sure there are some mods for radiant access also. Keep in mind you have ember of benevolence and the new stat bonuses to help increase uptime. It used to be good for infinite filler which helps your total damage but today I don’t think it will be useful for damage regardless. If you really needed total dmg you can use an exotic heavy. In other cases, you don’t really need abilities as filler dmg thanks to envious arsenal.