As a Katana/Regen Scrapper, I have Divine Avalance slotted as 3 Damage Resistance, 2x Accuracy and 1x Recharge Reduction. This is enough to make sure that it hits consistently, and it overlaps (can get a _very_ brief overlap of 3 Divine Avalanches with this build with +3 SOs, two DAs can be up constantly).
Stacking two such Divine Avalanches increases my defense dramatically (about 48%), however it does reduce my Damage Per Second by a large amount, due to it's considerable execution time and relatively low base damage. For that reason it is inefficient to use it much in groups.
It's a great soloing aid though. With a Recharge SO in Soaring Dragon and Golden Dragonfly (Katana's two heaviest hitting attacks, Knockup and Knockdown respectively) I can chain DA-SD-DA-GD more or less constantly, without Hasten running.
For I6 I think the defense boost is fine because of the DPS tradeoff. I'd say it's about as useful to Katana users (and presumably Broadsword users) as Touch of Fear can be to Dark Melee scrappers.
(Hey it's on the primaries, so SR scrappers can get it too if they want!)