In short, Ragnarok is totally overpowered, but to actually execute on the meld can be challenging
There are just many great options for the third mode of Archmages Charm in the fast and permanent-heavy Modern gameplay right now
I like it a lot in four or five color decks in this role, but in three or fewer colors it hardly seems necessary
Even discounting casual multiplayer Commander, Yuriko, the Tiger's Shadow might have some potential in competitive (1v1) Commander and even Legacy as well
Art by Yasuhisa Izumisawa detailed, expressive, and full of personality
Whenever a creature dealt damage by this creature this turn dies, create a Blood token