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Since this rate holds 99% of the time, the two variable components are how valuable each counter is and how efficiently you can generate more triggers

, , Sacrifice this land: Destroy target nonbasic land an opponent controls

Alternatively, if you are playing Mono-Red in Standard and looking to make the jump into Modern, you can easily convert this into a decent budget Modern deck featuring the new Ravnica Allegiance cards

It does also make it more valuable to remove for those players and with not assuring a card unless you have two mana spare when it is removed it seems a little risky

If Ifrit has three or more lore counters on it, exile it, then return it to the battlefield (front face up)

Four damage, five damage or even six damage should be enough to clear out most creatures