Designers clearly appreciate having the means to simply take a permanent out of play without moving zones, resetting its history as an object, or any of the other wacky rules implications you get with flicker effects
It has an extra strength point and willpower point
If Lutri, the Spellchaser had an ability that actually rewarded you for jumping through the huge hoop of playing all one-ofs, it might have a chance in constructed formats, but being a bad version of Dualcaster Mage that can only target your own spells and comes with the additional safety valve of only working if you actually cast Lutri (taking blink shenanigans off the table) just isn't enough of a reward compared to the high cost in consistency you pay for making Lutri, the Spellchaser your companion
Typically when the opponent has no monster to be banished by me reviving a Felgrand I will revive Leyvaten instead in order to maintain the floater looping
Note that you can only save up to 15 cards, though
Unlike Mox Opal, Chrome Mox does not require other Artifacts to function