imo the problem with chalice is you must be able to get it out T1 or it's not even worth it since there are good chalice decks that can already do it (MUD, Eldrazi, Loam, Tezzerator, etc).
It's not bad, but why bother playing this deck if others can just do what it does better.

Now if we found a way to include sol lands or moxens it would be terrific.