vasik
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I looked it up; it's not the fastest, the fastest Phoenix (unupgraded to level 8) has a speed of 1 more, but at least you have to get close to the Phoenix, but not 12.
+2 morale for everyone, retaliation, strong damage (it does damage)?
The Dracolich has a base of 800 HP (like the Crystal Dragon, and more than the 750 of the Rusty Dragon), and it's on par with these dragons in terms of stats, abilities, and purchase price. In Heroes 5, you can't have both a swarm and a dragon's breath (the breath refuses to work for the ranged attacker), which they have, so melee combat is single-cell, but without a penalty. And in Heroes 8, the Necropolis's Blood Dragon has vampirism (although it only works half the time in Heroes 3), but it's not a ranged attacker.