Titanic Hydra's Balance

It's my view that Titanic Hydra should lead to questions like this:

"Will my build work better if I pick up Bloodthirster for a shield, or should I get Titanic Hydra and another health item?"

"If I get Titanic Hydra, then do I have enough health to make it worthwhile?"

Instead, just getting Titanic Hydra, alone, is a great option: the "wow, that's a lot of damage" factor, comes from it's intrinsic damage, and actually building more health, doesn't feel rewarding with it.

You could build 1000 more health, to do another 25 damage to everyone, or you could build more attack speed, and do another base 40 damage. In fact, just building Titanic Hydra, and no other health, can be pretty wise, and for an item touting it's tie in to your max health, it seems that actually building some health should be central to the damage of this item.