I withadraw what I said before, after some INTENSE testing, I have to say that this trinket is very good indeed.. my tests results were:
Test #1:
http://www.lossendil.com/wws/?report=b4qr3w6uh1cns&m
Duration: 10:00 minutes
Trinkets: Bladefist's Breadth + Drakefang Talisman
DPS: 795dps
Test #2:
http://www.lossendil.com/wws/?report=udu6fw4634brw&m
Duration: 10:04 minutes
Trinkets: Warp-Spring Coil + Drakefang Talisman
DPS: 813dps
Total procs of WSC: 9
WSC Uptime: 9 x 15sec = 135 secs..
% Time up: 135/604sec = 0.2235 x 100 = 22,35% of the time up.
Average armor reduction: 223.50 armor reduction.
Proc%: 9/(SS + Evis + Swordspec*) = 9/271 = 0.0332 x 100 = 3,32% proc-rate.
I performed my tests on a Servant of Razelikh, using a 5s/5e cycle, trinket (on test #1), BF and AR always when available, on both tests you can see that BF and AR were used equally (5 times and 2 times). Both tests were done using only poisons, Deadly on MH, Instant on OH.
*I also noticed that the trinket CAN proc off a Sword spec hit:
5/11 23:06:25.687 Your Sinister Strike hits Servant of Razelikh for 511.
5/11 23:06:25.687 You hit Servant of Razelikh for 172.
5/11 23:06:26.890 You hit Servant of Razelikh for 178.
5/11 23:06:27.312 You hit Servant of Razelikh for 360.
5/11 23:06:27.718 Your Sword Specialization hits Servant of Razelikh for 339.
5/11 23:06:28.125 You hit Servant of Razelikh for 192.
5/11 23:06:28.515 You gain Perceived Weakness.
Side note: There were NO missed hits on this mob WHATSOVER (well, he's like 15 levels behind me heh), so.. the +21hit did absolutely NO DIFFERENCE, and I still got +18dps using this rather than using Bladefist, can you imagine what difference would this make on a lvl 73 boss? So I think the spreadsheet is way off, since it gives me even less DPS with the WSC than with the Bladefist, but we do need more testing, this trinket is available for free on the PTR
And I say again, this results were against a low-level mob (lvl 57) and the +21hit did absolutely no difference, but against a lbl71-73 (bosses), would certainly do a lot of difference, that's around +1,3% hit... ;P