Divine Veil's CD is not "fair" for what it does. It's the PLD equivalent of Path and Deliriuim / Reprisal except it's usually just worse. Path and Delirium require a full combo and a target to be applied. Reprisal requires a proc. But, if those conditions are met, they have incredibly high up-time. DV in comparison doesn't require a target but still requires a trigger and is only sometimes a stronger shield. The biggest difference is DV has horrendous up-time and that's the direct result of its CD. The CD should be short enough to be used on each jump of AS1, each Splash / Cascade of AS3. Then, it might be utility that makes a consistent difference.