With Belbes Armor on the battlefield, attacking and blocking against you becomes problematic, but also you can use it on Drizzt to reduce his power potentially all the way to zero, getting full advantage of the power of a dying creature in +1/+1 counters
Overall, whether Wheel of Fortune should see play depends on the specific strategy and synergies of the deck in question
What set is Grave Pact from
However, no matter what, all Coven effects can only activate if you control three creatures that each have different amounts of power from each other
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Its already confirmed to have many reprints of powerful staples for the format, allowing players to fill out their own decks