I really like this effect on a wheel type card, as it lets you recover and rewards more risky behavior which is very much in Reds, erhm, wheelhouse, by tempting you to discard more cards for more mana
Of course, you could always double up on combat damage triggers by having Yuriko, the Tiger's Shadow around
Doom Prevails is the villain deck of the set, a Grixis (blue, black, red) build that leans into scheming, conniving, and slowly bleeding the table dry, exactly the kind of patient, plot twisting gameplan a comic book mastermind would draw up
The good news is that its definitely possible to get on board as people enter and leave the group all the time
If both permanents are on the battlefield, both will trigger separately, allowing you to essentially double up on the effects that get triggered