K so i'm going to start buying Frozen heart on non-mana champs like aatrox and gnar.
100 armor=2000 Gold(85% efficient without passive), passive=?? hard to say since it's nerf, either way it's highly situational, and not that much.
90 armor=1800 Gold, 400 mana = 560 Gold, 20% cooldown reduction = 600 Gold(almost 106% efficient without aura)
Without the mana at same cost it is almost 86% efficient.
So basically, you pay an extra 450 gold for almost as much armor+20% cdr and a better passive.
Elixers cost more then that, and
is bought on non-mana champs which only has 150 less mana than 
So there you have it,
is pointless unless you build full armor on an armor tank against a full basic attack comp.
It literally has 1 niche which occasionally presents it self in low elo.
Would be better on them.
into the gold effeciency of both items?

,
is the only MR item with 20% cdr.