If you gain three or more life, the Ring will tempt you when Frodo attacks
Phasings replacement, flicker, was also used in this role on cards like Momentary Blink but due to the increasing prominence of enters- and leaves-the-battlefield triggers, those cards often turned into over-balanced value engines or combo enablers
But the card drawing Fortunes one is clearly the best of the cycle, due to the sheer, raw card advantage that follows
God-Pharaoh's Gift
Sometimes those other things are even more important, so feel free to tutor up a One Ring if you need more cards or a protection card if you are ready to summon the elements of harmony to battle~ Unfortunately, most of our tutors are awful, mana sucking nightmares and we really only have 8 or so viable ones
In the older formats, there are too many low or no creature decks