The triple red on the overload means only heavier red decks can play it and not many heavy red control decks exist although they are picking up momentum as a cube archetype
You might also need to get rid of a problematic creature such as Elesh Norn, Mother of Machines without worrying about the possibility that shell immediately be reanimated out of the graveyard
Mostly, this is a two mana 3/1 that can grow that also happens to be a food, that also happens to like having other food and artifacts around
This niche slice of Magic interaction is handled well by graveyard shufflers, effects that shuffle a few cards from a graveyardor the entire thinginto a library
Now, let me get you three counter examples of Commander that I think have two, but not all three, of these elements: Doran, the Siege Tower - Doran, the Siege Tower is a powerful swinger with a 5/5 beater on an 0/5 body
: Untap Cortexic Jellyfish