The Nightmare is a legendary rocket launcher with high explosion radius and average speed. It can deal Solar, Ark, or Void damage. Here are the specific stats: For the perks, you should mainly look for those that boost speed. Otherwise, in the first perk category, Tripod is recommended, which allows the rocket launcher to hold three rounds.
Furthermore, you can look for Field Scout, which increases ammunition carry capacity. Spear (increased warhead speed) and Heavy Payload (increased warhead explosion radius) are always preferred for rocket launchers. For PvP, you should hope for the popular Grenades and Horseshoes, which cause rockets to explode early, depending on the distance to the target. Particularly in PvE, Tracking or Cluster Bombs are useful.
In summary, The Nightmare is an excellent rocket launcher if it comes with useful perks.
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