I’m not a tank expert, but my main is a Willpower/Kinetic Tanker. I don’t have Taunt. Instead, I have Repulsing Torrent (ranged cone attack) and Focused Burst (ranged attack) 6-slotted with taunt IO sets*. I haven’t run the numbers; it feels good enough. So I get damage and taunting ability, but of course not every Tanker has ranged attacks to enhance.
In any case CoH is fun to play with quirky builds.
*The sixth slots gives me global recharge boosts, which is nice.