It could make a cool colorless commander for a modular deck running lots of creatures than enter with +1/+1s, making those little artifact creatures into huge beaters
The thing is, +2/+0 and equip 1 for pirates isnt anything particularly special in small numbers or really at all
If an effect would put one or more counters on a permanent that you control, it puts twice that many of those counters on that permanent instead
When you lose control of that Equipment this turn, if it's attached to a creature you control, unattach it
When your nontoken dorks die, a target opponent forces you to either draw a card or drop an equal or lower toughness dork to the battlefield, therefore making this a powerful machine for sacrificing for benefits in Esper rather than the normal home of Orzhov or Golgari
It's cheap, it's flexible, and it replaces itself