Should Titanic Hydra be changed/removed?

First off I want to say that I love Titanic Hydra and that it feels good to buy and the interactions with champions is very rewarding.

However, I feel like its addition has created a propensity for a concept that Riot is known to take a stand against: build tanky, get damage. Titanic's entire existence revolves around this concept, with buyers being able to pick only this item while still outputting a high level of damage (especially in combination with S-Gauge), with the rest of the items being full tank.

Fiora has been a well-known abuser in combination of other parts of her kit, and other champions following the "metagolem" build have begun to arise, including the dreaded tank Akali.

Long ago, a similar item existed that was removed for the same concept, called Atma's Impaler. I would venture to say that Titanic is much stronger than Atma's was during its time of removal, which really only synergized well on a few champs like Garen and Jarv. However, the concept remains; building almost full tank while also dealing considerable damage means that there is little trade-off, crowding out other builds and creating an overall negative effect on game balance.

As much as I like Titanic Hydra, it is the crux of these builds and the living embodiment of "build tank, deal damage" and something that I feel should be addressed.