Aye, I have seen more then a few weapons with this enchantment now. But to me, that cudgel looked good in the inventory and on the wall but held in hand, it was absolutely horrible looking.
I had no qualms about disenchanting it and using said spell on my Stahlrim greatsword. When I enchanted that, it actually ended up doing the regular 50% of all three elements but for 90 points of damage, instead of 50. No potions of enchantment used either, just level 100 enchanting and 2 points into the very first enchanting perk.