Of course it is right now, i agree. I just think it should keep the cut to be on par with the best swords out there, in exchange for -1 or 2 speed. Should be 1k+ more expensive too if they only nerf the speed though.
I'd do either -1 pierce and -1 speed , increase in diff and + ~1k in price (or keep it)
Or
- 1 speed, increase in diff and + 2K and more in price