This three-mana (1R, 1W, 1B) 4/4 legendary 4/4 has Deathtouch and Lifelink, but also makes good use of the new Power-Up mechanic
The holographic charizard stood apart from the rest of the set, particularly on early Base Set printings known for darker tones and noticeable holo bleed
Play around Hallowed Moonlight with your Deathmist Raptors if you can
brings back the dual-ink game mechanics, as well as adding several team-up cards with multiple characters that can "Duo Shift" and "Combo Shift" on two cards rather than one for more rewards
Consider that different iterations of the same design family (such as Dark Pokmon, Pokmon-EX, etc) are not considered a unique blank but simply part of that design family
If you need to counter a planeswalker or another non-creature spell, it's clearly better than Izzet Charm since it only costs one mana, but if your opponent is drawing cards with a Dark Confidant or has so much mana they can easily pay two extra for their spell, it's stuck rotting in your hand