1 of 3 Beastmaster-type jobs I've seen across various MMOs did exactly that. Not even the turning your pet into armor/weapon is unprecedented.
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I would love to get a job similar to his fighting style. He looked pretty awesome.
Why would you think BST would use a ranged weapon? Previous games in the series had them use whips and axes (also daggers I suppose). Personally I'd find whips to be ideal, however since they'll be a limited job I'd prefer them to save whips for a non-limited job.
Ran'jit struck me more as some sort of ascended monk that is particular to the First. He's got all of the traits to be a really top tier monk; a dragon (school/symbol of power), kama (scythe), high yomi (being able to read opponents and predict their next move) and before he fuses with his dragon, he does use unarmed strikes.