It actually has the best velocity among the closer range rifles, with 770 m/s. The only other rifles with better bullet velocities have sweet spots starting at at least 60m while this one starts at 30m. This makes it insanely good at just deleting mid range targets without having to account for leading much.
I think the sweet spot mechanic is amazing from a gameplay perspective. It really differentiates the rifles in a way no other game can without it. Big fan.