I think that the third mode can make it maindeck in limited formats, at least. Worst case, it's still a food (for foraging or token synergy or lifegain) and a redraw, unlike other variants which are dead draws when opponents don't have fliers/artifacts/enchantments.
How are enchantments/artifacts looking in this set, for the limited environment? That'll determine how good/bad it feels compared to a usual Broken Wings or whatever.
Please play this sideboard card in your main.
I think that the third mode can make it maindeck in limited formats, at least. Worst case, it's still a food (for foraging or token synergy or lifegain) and a redraw, unlike other variants which are dead draws when opponents don't have fliers/artifacts/enchantments.