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When a Pokemon is designed to accomplish one specific thing in a competitive environment, of course it's going to be shit.
If Goodra and this thing were presented side-by-side and no one had ever seen either, i'd imagine a lot of people would probably believe Goodra was an actual pokemon because of how fucking stupid it is. It doesn't accomplish anything other than having a fuckhueg special defense whereas squidmon could probably do 2 or 3 different things flawlessly. Goodra has flavor with 3 radically different abilities and a lot of useless moves, squidward has 2 holy shit abilities and probably a movepool to match.
Auramoth or whatever the hell that thing is supposed to be is probably their least believable effort yet.