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It has a fair body for its mana cost and Reach but its true power lies in flexibility as we may choose to pay the Plot cost to deal 2 damage to any target at instant speed and cast it on a later turn at sorcery speed for free

This implies to me that the best home for it would be mono-red splashing white

Actually, they're legal in all formats

His Void ability lets you warp cards and sacrifice your own creatures to chip away at opponents' life totals by half

For example, if you've already got Mind's Dilation out, you might want to keep Shark Typhoon in your hand to play in case Mind's Dilation gets removed

Better players used Scroll Rack to dig deeper and deeper into their libraries