If an effect causes a player to skip their untap step, the phasing event simply doesnt occur that turn
No +1/+1 counter deck turns down access to a payoff like that every game
Its incredible value, and its got some incredible art on just about every version
Drawing cards is just the cherry on top, but the whole package makes The Great Henge a Deal with this or die threat one of the best artifacts overall, probably the best green artifact in MTG, and among the strongest creaturefall cards
Lands to the Graveyard I dont generally play the traditional fetchlands such as Verdant Catacombs much in Commander, but there are still plenty of other lands that can easily end up in the graveyard
But back then, the top decks of the day hadn't considered this logic