Cabal Ritual takes a little more work to maximize, as without Threshold, youre only turning 2 mana into 3 black mana
Luckily, this is certainly the case, even at lower rarities
This effectively doubles +1/+1 counters on creatures, which is good, but this equipment can also be attached to planeswalkers, turning them into creatures that can still use their loyalty abilities
This matters if you wind up with a Token copy of say, Graf Rats - you can't combine the Token with Midnight Scavengers to make Chittering Host
While giving all of your instants and sorceries flashback feels very similar and is incredibly powerful (like, this could be compared to a better Dralnu, Lich Lord more accurately), this commander pushes the spellslinger archetype into a different direction non-reliance on counter magic
While a blue player would need to hold back mana in early turns to use Compulsion, there are no such restrictions on the Looter