Neat effect for replaying and keeping those allies who have a trigger an then discard.
Stray Cats in particular become A LOT better with this card.
Oh, and Pete can bring Duke back from the dead with this. So that is pretty great.
On the other hand, it does require you to pay the cost of the ally, unlike the level 0 version.
So basically, it needs to target low cost, potentially expendable allies in order to justify the slot.
It will get better with more allies, but right now I would probably skip this outside of some weird party compositions.