Not really, even its base damage of 43 is pretty low. It is largely this way due to complaints from PvPers who are commonly cited as saying it was an ‘insta-heal item’ and it ‘trivialised healing’. There were also complaints that it made it too easy for runners to heal up. However there were already ways to catch runners in place.
Exactly! In its current state it may as well be removed, so that it is not reducing our chances of worthwhile Legendaries. I was really hoping that it would just get a rework, and there would be some kind of mid ground rebalancing, however it never eventuated. I even created a Poll in which the overwhelming majority of the community called for the Sword of Crom and Lifeblood Spear to be restored to their pre-nerf values. However it fell on deaf ears. A link to the Poll is posted below if you are interested.