That's the beauty of this tutor
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I've always been convinced since the day it came out that Hearthstone's Iron Juggernaut (the first card in the game to shuffle a card into your opponent's deck) was inspired by this card, but while this type of effect works in digital card games with no issues, there are a lot of reasons this design doesn't work too great for a physical card game
In the Magic story, Gerrard makes the sacrifice play, along with Urza and Karn, contributing to the death of Yawgmoth and the rebirth of Karn as a new planeswalker
Powerful monsters like Kaijus or Malefics could give the equipped monster a huge stat boost
Casting Collected Company in combat to try to ambush-block a creature or Reflector Mage a creature may not be the correct line because of the ability to potentially hit a Spell Queller for their second main-phase spell