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But at least the dragon has 400 HP, an attack of 55-110, and attack and defense stats of 40+, plus excellent speed.
I disagree about the spells; it's very rare for mass buffs/debuffs to drop on levels 3 and 4, but even then, you can level up to 5 (where there are ONLY offensive spells, and with any of the three spells, the Chaos Knight will be at an advantage). If Armageddon drops, and you have ifrits in your army instead of nightmares, that's even better.