Again, not much use as usual, but on the other hand, it was reprinted in Conspiracy (2014), where it found some use in a multiplayer environment, where there are more potential places to use the ability
There are some corner cases, however
Pikachu V-UNION is a four-piece card that forms one massive Pokmon with 300 HP when combined
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The concern with Narcomoeba is the timing in which its triggered ability resolves
Is my card good now or do I need it later? Can I cycle to dig deeper into my deck or do I wait to get value out of this cycling effect. The short answer is that if you can get away with it, cycle as much and as fast as you can to set-up and get the cards you need to win