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Does this prevent Freezing Pulse's natural pierce?
EDIT:
If chained/forked FPs have their own damage and freeze chance from their new point of origin, this could be pretty interesting.Likely not the case due to how Point Blank functions, and a chained/forked projectile is considered the same projectile as the original.
It does prevent Freezing Pulse's natural pierce!
What about Ball Lightning?
Ball Lightning does not (and can not) pierce, so removing the ability to pierce from it accomplishes nothing.
Freezing Pulse pierces - when it collides with a target, it continues on the same path instead of stopping. Ball Lightning does not - it doesn't collide with things other than blocking terrain in the first place, so has no opportunity to pierce (or chain, or fork).