Frozen Mallet thoughts?

Frozen Mallet is basically my go to item for almost any champion with no CC, particularly when ahead early, otherwise I tend to go for it very late. I feel like the soft CC is super powerful to snowball an early lead by making it harder for opponents to get away. Yes, there's red buff, there's also chilling smite, but I think when possible skirmishers is just a lot more powerful, especially if you get into 1on1 jungle matches which will also secure that early game.

I realize Frozen mallet is super expensive, but I feel like the utility if you can even out stats with opponents and have it on top really just secures wins with champions lacking in CC. So far I generally just get strange looks when doing it. Of course, I don't think it needs to be said how useful the health is, early particularly against burst champions. It's a secondary reason I like getting it when taking an early lead, as it allows me to prevent giving the enemy team bounties and using that money to pay my team back for any lead I may have had.

Anyways, haven't played much in years, just getting back into things. What are peoples thoughts on Frozen Mallet? As you can see, I've been grabbing it on AD champs with no CC like Yi and Nidalee. Was also grabbing it on Xin though.