I don't really understand what you're getting into, you have the opportunity to get a weapon that is slightly below what can be obtained by tackling the game's hardest content, which is always upgradable to one tier below the hardest content in each and every patch and would be the best of that tier because of customizability and you think it's not worth it? Well, what are you going to use the weapon for? Levequests?

Not to mention almost anything you do (aside from atma) will slightly further your progression on each phase of it? Technically with enough dedication you can get it within the first week of it coming out, too. How is this bad? It's not like they force you to do it? But you want epic loot, there you have it, put some effort into it?