Official FAQ confirms Flayer does not work with certain attacks, and it is intended

Source

In other words, the fact certain weapons hardly get any benefit from Flayer isn't a bug but actually intended by the developers, assuming that statement is true for every instance Flayer isn't applied.

EDIT: No official information yet, but based on JP tests, the following attacks seem not to be affected by Flayer

  • All Weapons: Focus Strike
  • Gunlance: All Shelling
  • Insect Glaive: Descending Slash
  • Dual Blade: Blade Dance
  • Switch Axe: Wild Swing
  • Charge Blade: All Axe Attacks
  • Heavy Bowgun: Wyvern Heart
  • Bow: Dragon Piercer, etc.

Note this may require further testing to confirm those observations. Additionally, they don't address the inconsistency between different Flayer Levels, where it has been observed that Flayer 2 helps generating more wounds than Flayer 5.