You do need armor pen and attack damage to do enough damage, so though you can get lucky and get a few 250 parleys at level 1 and with the level 2 gank pretty much guaruntees first blood with a little luck, it falls behind simply because you don't have enough damage, you can't expect to build all phantom dancers and get output from it. You can negate it a little bit by buying Yommu's ghostblade for some extra armor pen and damage and more stats, or a last whisper which will be your main source of armor pen, either one works really, but I like ghostblade for extra crit, and flat amount of armor pen and useful active. I would however, consider using a more consistent damage page like AD quints, with pen reds, and with MR/level or flat MR blues depending on your opponent and flat armor yellows or crit yellows depending on your opponent.