I think it's already pretty great as an all-around budget weapon.
-Halts horses excellently
-Sheathable
-Usable with shield
-Nearly as much pierce as the heavy lance
-Nearly as long and fast as the light lance
-Extremely long sideswings
It may not be able to kill quickly, but getting hits in is definitely available for any style of play (hoplite, both hands, cav). It is an excellent support weapon for my 1h/polearm. Although my character has 8PS and 96 polearm wpf.. it may indeed be weaker for other builds, but it's dirt cheap.