I agree, most 1h weapons are highly unbalanced between themselves. For instance, there is no reason other than looking cool, to pick any of the straight swords when Spamitar, Steel Pick and Warhammer are much more efficient. Shorthess of those blunt/pierce weapons means nothing because you can easily make 12/24 build which will give you the best of those worlds, damage of cut sword with 6 ps and much more speed. That's all because cut damage really sux these days, because of riduculous armor looms.
To prove my point, I'll just say that most famous EU minmaxing faction, Druzhina uses exclusively steel pick...