If your deck needs to win early or has ways to filter weaker cards later in the game and has a healthy number of cards this accelerates it should probably be a consideration for your deck (assuming it as already blue which most artifact heavy decks are)
Given its cost though it's pretty balanced
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In addition to a strong attack capable of dishing out 240 damage under the right circumstances, the Azure Seas ability is quite strong, helping deal with pesky cards that otherwise might inhibit your ability to take prizes
While not format-breaking, the value and utility that Professor Dellian Fel provides is exactly what Golgari decks have been looking for
I had recently put both Cabal Coffers and Urborg, Tomb of Yawgmoth into my Syr Konrad, the Grim deck, figuring that it would be nice to use them to make lots of black mana