This cards negative effects are to harsh in this game, others get to summon for nothing lol, master of magicians should be able to activate without the LP loss to make dm viable, if they won’t add better spell/trap support for him, they can at least do that.
This card is damn old. Back then, cards that let you summon level 7+ monsters always had drawbacks. And the Yu-Gi-Oh rule is: "If it isn't broken, it won't get fixed"
This card has many problems. Inability to be used the turn Rod searches it. Completely bricks when you have 3 DM in the hand (Should allow you to summon from GY and Hand as well). The life point cost isn't bad if there's a skill to match it, master of magicians is good but the randomness makes it unreliable.