The card itself more than makes up for it, and annoyingly enough has reach, which will be problematic for many an EDH deck
If youre built around artifacts, a cheap one that cantrips is definitely something Id be after
While not as effective on a turn-by-turn basis, Alms Collector is still my preferred draw engine of the pair
If youre flooding out and running low on action, then warping becomes a great way to extract extra value and stretch your cards across multiple turns
If you are instructed to cast a spell with overload "without paying its mana cost," you can't choose to pay its overload cost instead
The full texts of these abilities are "At the beginning of the monarch's end step, that player draws a card" and "Whenever a creature deals combat damage to the monarch, its controller becomes the monarch." (2025-06-06) If the triggered ability that causes the monarch to draw a card goes on the stack and a different player becomes the monarch before that ability resolves, the first player will still draw the card