As it got AI, the energy elementall damage won't matter anyway.
I use a cameo set and EoO and/or honor to reach the 300% damage modifier cap, meaning I don't need a slayer mod on any of my bows. That having said, I replaced my bow of infinite swarms with the new bow. The only drawback is that it does area damage, meaning that I often can't honor side spawn or that I am aggroing neutral mobs. I carry another single-target velocity bow anyway, whch I am more often using now in these kind of situations.