
Comparing this with the "book" signature asset, Molly Maxwell, it's hard to say which one is better, since they do such different things. This is a nice example of a card tailored toward its investigator. It's cheap and adds a valuable boost to what Dexter wants to do -- put Assets into play, use them and then discard them. He can drop a Flashlight at the very start of his turn, assuming he has another Asset to discard, investigate 3 times with an effective 4 and -2 shroud, then start the next turn playing a .41 Derringer to blast away with 7 against an enemy who popped up during the Mythos Phase. It's not flashy, but it's better than it looks at first glance (which is pretty thematic for a magician).
Since it really has no competition with the "book" signature, Dexter is pretty well placed to take both.