There are some fight where True Stike can do some major damage.
Ever fight an Skeleton/Corse NM? yah, 50% Damage reduction for Piercing and ~125% for Blunt, True Strike can hit some insane numbers with a good pure STR build, that coupled with SATA 100% Accuracy, BAM.
a Toy for most fights, Sure, but a reliable asset for some.
If you're brought to TH *** you might as well *** right =x
(though again: Very very situational, but still, the Situations are there)
Situationally the best True Strike rod for Thf. Until deae gratia was introduced, nothing else compared. Raphael's should produce higher WS numbers, but would not be quite as good for TP gain and (lol)dps.
imho if this had RR3 on an Infinite use timer like Tavy Ring etc. then this weapon would prolly be more mentionable especially for the work and difficulty needed to beat AV.
I think this rod may be more then just blunt damage. I haven't tested it, but I did a stabbing motion with it. I've never done that with any of my other clubs.