I think Bork should be reworked to something like Liandry's
Disclaimer: This is a suggestion. Any feedback would be appreciated to learn from them.
Why should Bork be reworked? Because when it's strong at its current state, it's the one stop item for all auto attacking champions. And guess which favorite class of champion that is ranged and goes bot lane loves to abuse it? Yup, ADC Nami.
Ok but seriously, here's my reasoning. Liandry's has been successful as a niche item not because of its wonky build path, but because it lives true to its intent. It is a health shredder that you can use to deal with high health champions but can also be strengthened with other items (sorcerer/abyssal or Void staff) to become a stronger health shredder or a tank shredder. It gives you a taste of power and allows you to invest in that taste for a different flavour or a stronger flavour.
Now where does Bork fit into this? Well Bork was designed to fill a similar role for AD champions except it became Vayne's boyfriend until she dumped him for Crity. It works when the champion can constantly hit the enemy but if they can't get to the enemy, well too bad.
So here's my suggestion. Remove the attack speed portion of Bork. (Maybe make it build off of 2 longswords + Bilgewater). Let the damage of Bork be a DoT that applies on physical damage dealt from Autos and Spells.
Fighters can now use their AD spells to do damage before they get into fights. Also, paired with a Black Cleaver, they gain movement speed as well as shred their opponent armor when they do catch up to them.
AD's would deal the same damage from Autos as well as hit a little more with their spells but Bork would be a situational but since it no longer gives attack speed.
Fighters would actually benefit more since Bork's burn damage benefits from lifesteal . So say someone like Olaf throws an axe to slow an enemy down but is kited, he'll slowly heal. If he builds a spirit visage, he heals more.
Builds can be specialized - Runnan, Bork, LW build to shred tanky team alike.
Bork LDR - To deal with massive healers ( sorry Soraka/Swain)
with its armor shred stacks increase the damage you do by reducing targets armor up to 30% is similar it just dont have the dot damage
that has a bleed passive 15% of damage taken is dealt as a bleed effect over 3 seconds so isnt this kinda what you are talking about ?