It's good for NM as well as pulling anything else. I once saved my friend when he was running away from Rampaging Ram. Too far away to provoke so just as he was running out of my range I hit ranged attack and managed to shoot an arrow at what seemed to be the maximum possible range. My friend only had 16 hp to spare, if my bow had longer delay he would have died for sure ><
This is a very nice bow for backup when NM hunting. So if your primary atk is still warming up from a previous placeholder, you can still get the next shot off.
another note... throwing type weps should be avail to PLD :(