My PvE monk carries 5 Smiting skills, and Symbol of Wrath being one of them. I still find it useful, for scattering the mob or dealing some quick damage. Foes usually get hit 3 times by Symbol of Wrath before they run off.
Having them run off is not good for dealing damage, but it helps to buy some time, whether it's to give a break from healing, a chance for energy regen or skill recharge.
For dealing damage, it's not too bad, it cost 5 energy and can do around 60 or more damage. I don't use it as my primary attacking skill, it's just nice to have as a back up whilst the others are recharging. Sometimes I use it to finish off a foe (if their health is low enough), saving my better skills for someone else.
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