See though, if Graves was just a standard hustler with a shotgun, things would be different.
But, judging by his background, he and Twisted Fate have probably gotten out of a few nasty scrapes. He's definitely been punched, slapped, and shot at his entire life, so he is used to dealing with pain. Then, where he lacks the proffesionalism of say, Caitlyn, he's a hardy soul who knows his way around hostile situations like a fish in water. This is more theory-crafting, but his abilities seem to suggest to me that he falls into a category of "bullet-time" shooter category. The longer a fight wears on, the more dangerous he becomes. The adrenal glands kick in, and our good Outlaw gets trigger happy. Once he gets into the groove, I am certain that Graves is a very dangerous foe.
Also, his shotgun is a bit like Vi's fists.They are both augmented by their user. Now take another look at it. His shotgun is like a small cannon, and he knows how to wield it with maximum effiiency. Getting hit by a slug would take a man down. Heck, the kickback alone for the man firing it is probably enough to take any sane individual down, but Graves just keeps on trucking. Tristana gets bonus points though. She actually uses a cannon, but she's half Graves size.
Off topic, but she could probably use a nerf. Get her a smaller cannon.