Both effects are good, but do not rely on the other to function
The equip costs are the biggest hurdle for equipment to function effectively, so getting this big reduction on them is great for any deck built around them
When Sheoldred enters, each opponent sacrifices a nontoken creature or planeswalker of their choice
Aside from that, its a decently flexible tool to have in your arsenal, particularly for Pioneer, which tends to be slightly slower than Modern
If you're new and still choosing between builds, the Disney Lorcana starter decks guide covers starter options that can bridge into Ruby Sapphire Items with minimal additional investment
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