More specifically in M&K it hasnt been in a great spot for a while now. However, with the recent AE changes, I tested TLW with its base 19 AE, the flight compensator +15, Lucky Pants +20 AE while buff is active, and Ember of Tempering after solar weapon kill for +20.
You know what I found? It is even less accurate than Ace when hip firing. I dont know if this is a bug or a side effect of the outragious amount of nerfs but this is bad.
I dont really use TLW, I just recently decided to try it out. It is one of the most underwhelming exotic primaries in the game period. Not even Lucky Pants can save it.
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I still have nightmares about that gun