Overall I'm happy with this cheaper variant and while I don't often play decks that will take advantage of this card, perhaps more competitive Combo decks will
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In theory Light should have a higher ceiling and a greater range of targets
Thats especially true of Meticulous Excavation, a card that allows you to pay three mana to put a permanent you control back in its owners hand
If the copied Equipment is copying something else, then the token enters as whatever that Equipment copied, with the listed exception
Depending on the colors you are in, Sigarda's Aid allows you to hold up mana for interaction, and then once you no longer need to do so, cast your Aura and Equipment at the end step before you actually start your turn