Sure, The Master, Transcendent can only reanimate creatures as 3/3s but that doesnt matter much if your intended targets have powerful abilities like Toxrill, the Corrosive and Consecrated Sphinx
Hallmark finishers for elf decks are cards like Craterhoof Behemoth and Overwhelming Stampede, which only get better with deathtouch in the mix
It will be almost impossible to compete with the amount of value that youll be able to get in the right shell
It is a cheap creature for Guide of Souls, however, and a white card you can pitch to March of Otherworldly Light
(It loses all other card types and creature types.) Eaten by Piranhas overwrites all previous effects that set the creature's base power and toughness to specific values
There are two main ways Id build around this: The Blink Combo: Cast [[Mister Negative]], then blink him with something like [[Ephemerate]] to trigger his ETB again