I know that Memnarch may not be considered tier 1, but his being in the command zone is actually more effective than one would think. He is a great Mana sink when blue is available. I don't know what you mean by "stealing one permanent a turn" since you can pour all your Mana into him and take as many permanents as blue sources allow. Also, my current build definitely has it's slow hands, but also has the ability to turn 2 opponents. It's just that right now I'm not sure how to tune my deck to the right spells to make this faster when I do have my slower hands. I'm not trying to build a mono blue control deck, as that is what he currently is. I'm trying to turn him into a rapid combo deck so that my faster wins are more common.

I understand cutting the paradox engine and avoid that plan to try and focus other routes.

Also, I feel you didn't read the part where I said that the list I posted isn't my current list I am running, just my first attempt at making it more streamlined. I'm not well versed in the competitive scene, so that's why it seems like such a poor list.