Horwath
Legend
not worse as Monkey grip kept damage(well you lost the +1.5 str mod) and got -2 attack penalty.Sounds like the 3.5 feat monkey grip but maybe a bit worse
I think that feat is good but to make it clearer:
+1 str, dex or con
you treat 2Handed weapons as 1Handed with reduction in damage:
2d6/d12->d10, d10->d8, d8->d6
you treat non-Light 1Handed weapons as Light weapons.
you use Versatile damage die of 1Handed weapons when you use them 1Handed
when you use Versatile weapons 2Handed increase Versatile damage die by 1 step
d8->d10, d10->d12
translated, outside some other feat interactions or masteries:
battleaxe and greataxe will both have same damage used either 1Handed or 2Handed.