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Higher grades, especially 9 or 10, can significantly increase a cards value

It is fair in that you don't get a burst advantage over the opponent but you will get a mana advantage overall fairly quickly

As mentioned in the article, it starts with Base Set 2 with WOTC for anyone really not sure, compare JP Base Set holofoils to EN Base Set holofoils to EN Base Set 2 holofoils

Quick Beginner's Guide TUTORIAL Master the rules in a tutorial battle

it simply wants to kill everyone at the table as quickly as possible

Ironically, despite being themed around speed, "start your engines!" is one of the slower mechanics outside limited formats, since you can't cheat your way to max speed quickly