This coming from a character that isn't part of the Fellowship and doesn't need to wield The One Ring, thank you Tales of Middle-earth
You can give them one loyalty to create a 1/1 Insect token, mill a card, and then repeat the process if the milled card was an Insect
Of course, there isn't anything wrong with doing that, but you can draw more cards the other way
But the damage negation isn't really important
After all these years I still usually use a rain dance deck with gyarados, But this time around the star of the show was a psychic/electric deck with the promo raichu that pierces the bench being a godsend
Whether youre building around Akromas Memorial in a powerful combo list or sleeving it up for a casual pod, having access to this card at a fraction of the original price opens up your entire deckbuilding strategy