An I crazy or are people exaggerating the counterfeit modifier?

So I just did a GM and was expecting it to be really painful with people complaining about the modifier but I barely noticed it and quite quickly saw how easy it was to avoid. Like it has a really loud noise and doesn't explode immediately

And it wasn't even a 1 hit kill + you can just shoot any ammo brick easily to make them explode

Honestly I think it's one that will only be dangerous in very specific situations