About Bloodlust and for that matter, most cursed weapons...
If they don't have extended range, you're better off giving this weapon to characters that can cast offensive magic. Most of the time, your party will be standing still in the first round casting combat-only buffs (e.g. bard songs, elemental shield, etc.), while your melee will get busy with bows, slings, and whatnot. Having someone sit there is a waste of a turn. That's why this would make a good Samurai weapon. He can pair this with his inate speed of lightning, and he can cast Mage spells.
