Anyone in the process of figuring out how to play Magic: The Gathering, should prioritize putting this card in their deck
According to the Alpha rules, you can use Iron Stars effect an infinite number of times each time a red spell is cast
This also means that if either ability is countered (with Disallow, for example), the other ability will still resolve
Likewise, Sindbad is another card thats on color, and has synergy with the rest of the strategy, but is somewhat inefficient for what it does, and makes all of the cheap removal in the opponents deck (such as Chain Lightning) more relevant
Strategic Betrayal Edicts are always shaky because your opponent chooses which creature to remove, which gives them an uncomfortable amount of control over what lives and what dies
Provided you're able to make this guy cheaper, I think that he's a fine choice for limited