Its an artifact token generator, a card draw engine, a cast-from-exile enabler, and just a fine reward for hitting opponents (AKA breaking faces)
Feather and Gerrard reach into the more competitive sphere, but most Boros decks will end up using combat damage to win games
And, importantly, against the deck that you most want to Mental Misstep against, various Delver decks, the cards that you really want to Misstep are their non-creature spells
As someone whos lost so many games to board wipes, its amazing to have Elf commanders who dont immediately fold to a Wrath of God since Miara can at least refill your hand with more gas, not to mention giving you access to reanimation spells to get your army right back
Every card in my hand becomes a Simian Spirit Guide that I only have to discard