Let's talk about Pike

What rank are you and do you think Pike is a balanced champion?

Things to think about. 1.) Has a hook to be afraid of. 2.) Has a dash that requires no targets, it deals a good chunk of damage for being both an escape and engage tool, and also has the luxury leaving a line that can stun those who are on it. 3.) He has yet another get out of jail free card where he can go invisible for several seconds, i believe it might even give him extra movespeed, and because of the grey health he will heal during stealth. Imagine if wukong would heal after using clone :/ 4.) His grey health. He takes a beating but since he has 2 get out of jail free cards, it's extremely hard to kill him and if you don't finish him off then he heals a huge chunk of the damage you just dished out for him. 5.) His ult is a short range execute capable of killing people with health around the 30-40 percent health mark, and this ult is capable of resetting so he can potentionally pull off 5 ultimates. At least darius' has to land 5 stacks for his ult to hurt and garen's does not reset. Pike can have a high base damage ulti that resets, without having to really set up his ult at all. (I forgot to add, but his ulti is also aoe so the damage really does rack up)

Now, I don't play pike because of how hard it is to get blue essence and that he doesn't really interest me personally so I can't really tell what his downsides are, but let me know. At your rank, what do you think about pike? Overloaded? Weak? Healthy champion?