While Torchic may not be as iconic as Charizard, this card transcends Torchic's popularity and remains one of the hardest Gold Stars to get, period, let alone in good condition
You can't activate a loyalty ability of Arlinn Kord and later that turn after she transforms activate a loyalty ability of Arlinn, Embraced by the Moon (or vice versa)
You'd need a way to cycle 5 cards each combat to fill your yard, and a way to sacrifice the squad, nonetheless, this would theoretically generate a lot of combat steps (not infinite since you're exiling to effectively escape the creature)
"We want to maintain the card's role as a counter to card drawing, so we are removing enter-the-battlefield effect to reduce its warping impact on the metagame." "The One Ring was too efficient at effectively winning the game with its sheer amount of card advantage", the article adds
It reduces the cost of your instants and sorceries by an increased amount for each oil counter on it