Cinderhulk's "Early Power Spike" Is Less Powerful Then Devourer's "Early Weakness Period"

Cinderhulk Intended Changes: 300 --- 400 HP 25% HP scaling --- 15% HP scaling.

Riot's stated that they want to make Cinderhulk a mid game power item before devourer comes online. Let's actually do some math to see how true this is. Given that the component items are bought, paid, and valued for on their own, I will judge the enchantments based on their combine cost.

Cinderhulk 400 Combine cost, gains +200 HP (+100 from 300-400, +~100 from the bonus 15% HP). and upgrades Bami Passive. HP is valued at 400 gp per 150, for 532 gp total. Might be a bit more than this, so let's round up to 600 gold. Bami passive isn't defined in gold, but we can derive it's worth by stating that the HP it gives is 800 gp worth, and it costs 1000 gp, so the passive is worth 200 gp. Upgrading the passive certainly doesn't double the strength, and at lvl 18 both are almost the same raw damage, but let's be generous and value upgrading the bami passive also as 200 gp.

In sum, Cinderhulk costs 400 to combine, and gives you 800 gp worth.

Devourer 300 Combine Cost, +20% Attack Speed, +20 On-hit Damage On-hit damage is valued at 20 gp per 1, for 400. Attack speed is valued at 450 gp for 15%, for 600. Devourer combine (ignoring ALL stacking) gives you 1000 GP worth of stats.

Riot's changing Cinderhulk to be more "early game", but Devourer gets you more gold worth, both net and relative to cost. And I was being very generous with overpricing Cinderhulk's passives and HP.

Edit: Useful points about Cinderhulk and Devourer's Design

Cinderhulk: I think Cinderhulk could be changed to 20% Max HP scaling and 400 or 425 HP, and be fine. Or just 25% max hp scaling and 350 HP, like it was at creation.

Devourer: I feel like if Devourer 'needs' to be super inflated on gold efficiency because attack speed is a terrible stat to rush, I think you could just make the Attack Speed the stacking stat instead of on-hit damage the stacking stat.

TL:DR New Cinderhulk costs 400 to Combine and gets you 800 gp worth. Devourer costs 300 to combine and gets you 1000 gp worth. Devourer also scales better.