This activated ability isn't great, but the baseline of a three mana 1/2 and a 1/1 is fine
Soulflayer uses the delve mechanic and while it is true that BB for a 4/4 is pretty good, when you consider that you have to invest your graveyard, which is likely a resource for other cards in your deck, its not actually that great an investment
That is why, when looking at high-value cards on Japanese flea markets, risk management becomes more important than with regular cards
(A creature with decayed can't block
It commonly goes with commanders like Krark, the Thumbless or Vial Smasher the Fierce that have strong triggered abilities to double, but most decks are happy to have access to blue
Maybe youre a budget player and like to play casually instead of competitively, so bulk cards would be worth the purchase to get your decks built at an affordable price