>>18659641I prefer the idea that he met the legendary bug and faced it in battle, but lost, and he has spent the remainder of his life contemplating the power of the legendary bug, and trying to live his life in a way that would make him as powerful.
Either that or he saw how beautiful/magestic the bug was and decided he'd rather it be free than to try and capture it.
Either way he wouldn't actually have the bug dragon and we can save it for dragon e4... Anyway his lore just mentions a powerful dragon, it doesn't explicitly state Basilect, so it could easily be some unknown species that isn't even existent in this gen.