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That makes it a wonderful companion for the new Modern Horizons 3 card Nadu, Winged Wisdom, who can use Shuko to draw an inordinate amount of cards, and ramp into an unstoppable position

The difference between costing three and costing two is a lot

Its also repeatable, unlike the blue equivalent sorcery or instant cards that give you a similar effect

There are also commanders that exploit life loss, with Ob Nixilis, Captive Kingpin, Valgavoth, Harrower of Souls, and Rakdos, Lord of Riots (its a very Rakdos-coded mechanic)

While not as effective on a turn-by-turn basis, Alms Collector is still my preferred draw engine of the pair