Life Stream Dragon
Attribute: EARTH
Dragon/Synchro/Tuner
2900Atk/2400Def
1 Tuner + 1 "Power Tool Dragon"
"When this card is Synchro Summoned, you can have your Life Points become 4000. Any effect damage you would take becomes 0. If this face-up card would be destroyed (either by battle or by card effect), you can remove from play 1 Equip Spell Card in your Graveyard instead."
Dragon/Synchro/Tuner
2900Atk/2400Def
1 Tuner + 1 "Power Tool Dragon"
"When this card is Synchro Summoned, you can have your Life Points become 4000. Any effect damage you would take becomes 0. If this face-up card would be destroyed (either by battle or by card effect), you can remove from play 1 Equip Spell Card in your Graveyard instead."
It's safe to assume that Life Stream Dragon isn't going to have much of an impact. Though great that decks using the Synchro Summoning mechanic would have had their alternative Prime Material Dragon, this Signer Dragon Synchro had its summoning condition crushed by requiring Power Tool Dragon as the only non-Tuner material Monster for the summon.
This isn't so bad, though. It sheds some light upon the Morphtronic series, which have been in the player's view since release, and having tinkered with them every now and then, they are fun to play with. Life Stream Dragon may make me want to try the deck again, alternate it accordingly, and take advantage of the window this card opened up for Morphtronics.
Since the archetype has transformed from what it was in original release into more focus on the overlooked Equip Spell Cards, Life Stream Dragon offers something new with two of its listed effects. The one, and clearest sighting, is prevention of its own destruction by removing one Equip Spell Card in your Graveyard from the game. This effect is useful when Life Stream Dragon is acting as the dominating field presence on stats alone, but otherwise counter-productive, since it really hurts other support such as Hidden Armory. At the same time, it's a great way to prevent getting nailed by anything short of a Solemn Warning/Judgment or Royal Oppression, if you have one in play and someone tries to respond with a Torrential Tribute or Bottomless Trap Hole.
The second effect, and the one to notice, is the Life Point change. It gets you out of the danger zone, yes, but what I don't believe players hadn't noticed yet, confirmed by Shriek, is that your Life Points do not have to be less than 4000 for the change. If you summon it at the beginning of the duel, or if you're at 50 Life Points, you can automatically set it at 4000 upon Synchro Summon. Not only can this save you, it also opens Morphtronics to the most terrifying Equip Spell Card (sans Premature Burial and Snatch Steal) in the game.
Megamorph, as we all well know of its history, is a devastating game quencher when alternating the Life Point spectrum. The largest note on Megamorph was considerably during the time Demise, King of Armageddon and Advanced Ritual Art both ravaged at three with this thing. In Morphtronics, you don't have a large creature to wipe a field. However, you do have Morphtronic Boarden to let you attack directly. The sad note, you're only guaranteed Megamorph when playing Hidden Armory. Unless somehow lifted to three in the near future, Power Tool Dragon has only a 33% chance of getting you this card.
The efficiency is not there to make this all incredibly powerful to notable competition, but it is a good play and worthy of trying out amongst your friends.
Before I end this quick article, I would like to go over one second aspect of this card - it is our third Synchro Tuner Monster. The fault of this, there isn't much to allow us to use it with. It's too large to be used in the materials to summon Red Nova Dragon and Shooting Star Dragon, and it can only summon Tech Genus Halberd Cannon through tuning it with two copies of Tech Genus Recipro Dragonfly. Suffice to say, there are better (in the former two, literally single answer) options to summon these, which leaves Life Stream Dragon only to tune for a Level 10 or higher Synchro Monster with no specific summoning requirements, as there is currently no Level 9 Synchro Monster that only requires 1 Non-Tuner Monster except for XX-Saber Gottoms.
That's all.
*EDIT* In the image that I had posted of Life Stream Dragon, it reads the number "2000", involving its effect of the Life Points change when Synchro Summoned. This image was taken from the anime which I have linked through Yu-Gi-Oh! Wikia, and its official CCG effect has changed the Life Point amount to 4000.
*EDIT #2* After copy and pasting the effect, I severely overlooked that Life Stream Dragon removes the Equip Spell Card from the Graveyard, which gives Life Stream Dragon much more needed potential.