Thundax
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You haven't mixed anything up; this is the most balanced part, unlike the same Third installment, where Necropolis is practically banned from tournaments, and Conflux is nerfed. The hardest part of the game is playing against the Sylvan faction on the computer because the hero's attack is around 10, there are hundreds of goblins, and dozens of archers due to the cheap dwelling and, God forbid, an upgrade nearby. If you choose a Warlock as your main hero and don't build up the Academy properly, even with dragons, the battle will be a one-sided affair in favor of the Sylvan faction.