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the problem is that magic in Heroes 5 is extremely weak. While fire/air can be somewhat compensated for with Wave of Fire and Chain Lightning, and Devil's Strike, the rest is completely useless. It's absurd that 1000 mages can deal only 700 damage with a Fireball. If you turn him into a warlock, he'll be weak.
But what's needed is a strong warrior, bearing the name of a water deity.