The loot is not special/ worth chasing. Its not specific to the nightfalls. The old nightfalls had loot that was specific to the nightfall and could not be earned elsewhere.
Currently you get the same old crap loot you can get from the portal in every -blam!- activity. Nightfalls need their own specific loot pool like in the old days. Put that stasis lunas hown hc that was in crucible in the nightfall pool. Bring back all old nightfall loot to the nightfall. Shadowprice, palindrome etc and add new weapons to it.