Fatebringer has Piss-poor accuracy at long range. The only advantage to using it is the burn, since the fallen and vex don't tend to bunch up a lot. I'd rather take a scout rifle.
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It's range is only bad when moving around I've noticed. If you stop and pop you can get fair accuracy out of it. Not as good as a scout, but it's good.
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For me it's always really inaccurate, all the time.