Redundant =/= weaker. TBN stacks with Galvanize and Eukrasian Diagnosis and unless taking
extreme amounts of (pre-mitigation) damage over time, it is quite simply stronger than the combined mitigation
and healing of Holy Shelltron or Heart of Corundum. Outside of your stat-buffs from job diversity, you do not need variety just for the sake of variety. TBN is stronger, stacks, and then has Oblation available atop that; the mere fact that other shields exist does not somehow make TBN defunct.
It's not that complicated. For HoC to mitigate as much as TBN, it must absorb as much damage over its duration as 25% of the tank's HP minus what would be produced by 900 potency of self-healing under the tank's stats. Simple as that.
Let's put it this way. Let's grab... the highest GNB parse we can, which happens to be on Zodiark. That tanks has 80008 HP, so let's just say 80k. If they were a DRK, their TBN would be 20k. On a top-parse GNB, Heart of Catharsis hits for around 8k. To equal TBN, then, he must absorb 12k damage within your 4-second 30% and/or 8-second 15% window.
That could be from mitigating half your HP (40k) damage (after other mitigation but prior to HoC) over the opening 4 seconds, or your entire health pool (80k) over the later 4 seconds, or some combination of the two (30k in the first 4 seconds + 20k in the later 4 seconds). Whatever.
Now, let's look at the actual outgoing damage from Zodiark Ex. Only once over his 9-minute fight, and despite never pairing it with anything more than Rampart, does his HoC absorb enough damage to make up for that missing 12k stat-based throughput. Once. (And that's not even accounting for TBN being able to pull off two-thirds more casts over time (in practice, around 55% more casts per minute, going by leading parses).)
Again, across a 10-minute fight, there was only one situation where HoC plus its heal absorbed as much as TBN, let alone TBN+Oblation. That's not exactly indicating a majority of contexts by which HoC blows TBN out of the water, despite HoC having a 67% longer CD than TBN and its trait being included in the same skill.
Unless undergeared, TBN is not particularly weak relative to competing skills, especially for its trait-equivalent being a separate ability.
And it's certainly not weak just because "other barriers exist anyways."
Nor does any of that change that fact that, yes, TBN wholly scales with gear while HoC, Bloodwhetting, and Holy Shelltron instead scale largely with content (HoC primarily with content, the other two roughly equal under current damage intake). And no, you cannot just scale fully with both gear and content. The percent on percentile mitigation does not increase with your gear. (The only example we've ever had of that is the now long-defunct Foresight action from Marauder.)