Until end of turn, you may look at the top card of your library any time, and you may play lands and cast spells from the top of your library
well, she's a toolbox, look at the stuff above
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They also provide additional side capabilities that are absolutely necessary in a competitive setting, such as giving you the ability to chainblock certain effects
This is a 5/5 not a 2/2 and this has no echo cost meaning it will happily stay in play and help you win
The whole "activate only if you have less than 1k Life Points" is a real turn-off for cards and you have to carefully balance a slippery slope so that it's not completely broken, but 1k Life Points is such a thin margin that it doesn't even matter next turn, especially in competitive play.