Nightfall isn't what it used to be that's for sure.
Kinda miss how it used to be. Such a good bonus and loot drop that it was always the first thing everyone did. I used to get hype for the reset just to run the nightfall... I havent even bothered doing it this week.
Loot table on NF has been too cluttered to be worth running as a loot source for a long time. I used to do it for the 500 rep + 25% XP/rep buff.
Now it's just a spongier Strike where revives take longer, you take much more damage than you deal, there's no matchmaking, no marks, no rep buff and a smaller rep payoff. For the chance at an Exotic. Or legendary. Or Strange Coins, 3 of Coins, or Motes of Light, or Antiquated Runes. They might as well add planetary materials and special ammo synth at this stage with how messy that loot table is.
I think it should be limited to Exotics and Legendary gear at a baseline minimum of the current Light level you have. Might still be garbage perk wise, but the odds would make it worth running.
I did it twice yesterday but only because friends needed a third. I'd never even think about doing a NF otherwise right now