Turn one Sol Ring into turn two four-mana play represents a tempo advantage that opponents struggle to overcome
I suspect it will see play in the absence of other options, but players will probably not be excited by it, since there is a vast canyon between the power level of the two options
Thelon's Curse on the other hand forces your foes to leave their Blue creatures tapped
Ghalta, Primal Hunger Ive seen this creature be cast as early as turn 3 or 4, and I can imagine some play patterns allow you to cast it even sooner
The indestructible counter will hopefully allow you to take advantage of the doubling effect and reduce the effectiveness of your opponents board wipes (the scourge of token decks), and makes Mondrak an excellent token commander
You can still buy a sealed box with 60 FE boosters for about $150-200, and that very fact makes it less appealing as "true old school"