If you are digging for land and wind up with the 4/3 it also is a lot less bad than it sounds as you have cleared two non-land cards out of the way
In decks with a lot of mid-to-high-cost dragons, thats an absurd amount of incidental value
You can also just go get The One Ring in most decks, which might be the some of the best draw card in the format
+2: Each opponent gets an emblem with "At the beginning of your upkeep, this emblem deals 1 damage to you." 3: Chandra deals 3 damage to each non-Elemental creature
Fated Firepower So much more interesting than the classic damage doubling/tripling enchantments that keep getting made, Fated Firepower lets you choose how much mana to invest and how much extra damage you deal
If this thing was a named legendary creature - even if it was a new version of that weird little rat Loot - it might feel like a mythic rare, purely on the basis that "cute little guys" is an established archetype for extremely rare and powerful creatures