You know because right now it deals the same damage as a Leviathan Blade.... with Stun.....
EDIT:
Due to recent posts now the issue is:
Why didn't OOO tell us about the balancing feature of no flinch to avoid the uproar about seemingly unbalanced gear.
The other problem is a bit older with a lot of people greatly disliking Box only items.
Leviathan already gets smacked around by anything that deals split damage against targets neutral to the second damage type. I honestly think the Calibur line itself should be buffed a good deal, so it can actually be a viable weapon to rely on, instead of being used as a Pinball simulator.
As for the Saber, I'd say keep the damage as it is and buff the Ascended Calibur/Leviathan Blade's damage, or even reduce the Celestial Saber's damage down to that of the Cold Iron Vanquisher.