Yep, one way or another, that tooltip desperately needs to be reworked. I would even go so far as to say the actual mechanics of the Rangefinder might be too complicated if it takes an essay-length tooltip to explain how it works.
Neural Link makes Ballistic Rangefinder look simple, even if Rangefinder is more verbose than most else.
For sure, explanatory text could use a clarification pass across the game. I agree that Neural Link in particular is a real eldritch tangle of words.
I do also think some of the more finicky mechanics that lead to these elaborate descriptions might be unnecessarily complex, like I said. Maybe some things could be reworked to achieve the same goals in a simpler fashion. Probably not going to end up high on the priority list though.