Short Answer: Yes, don't waste your time with it.
Long Answer: On paper, this weapon (specifically the cherry) appears to be godly. It has the range of the 96, ttk of the 52, light depletion, wall, bubbler, and the ink coverage of a squiffer that does not need to charge. The problem with this weapon and the reason that it will never become anything more than a meme is because it is undependable. You can never guarantee a kill with because of how the ink shoots out of the weapon. If you press the trigger too hard or even breathe when shooting, only 2/3 of the shots will hit and the enemy will have enough time to kill you. You cannot reactively get kills for the same reason, there are too many minute intricacies about how the game works for the weapon to truly succeed outside the training room. Even the basics such as the fact that inklings move, and the presence of latency alone cripple the weapon. It obviously isn't impossible to become "good" with this weapon, but why bother when other weapons exist.