Thank you everyone so far.

So, I've experimented with a bunch of SC's now. Through this, I learned more about my playstyle than I could have otherwise. Unfortunately, now I'm even more conflicted. lol. I've realized, regenerators are usually the last thing I put Labeau on. I had never noticed before. Another thing I'm noticing is that although I hate double-labeau-ing a card (i prefer to spread it), against the proper people, it actually makes things harder on me. As I shifted my SC around, when I did end up with 2 labeau again, some guys ripped through it with no problem. Easily in fact. This actually prompted me to run Dispel, in fact. lol.
My entire view of the card is changing a bit, and I'm starting to realize something. I have the same problem people have with labeau, with other decks and cards. Unless I put in certain specific cards to counter other spheres, each has something to wreck me. I depend a lot, on lvl 2's. Yes, I have some rares. And it is truly humbling to have Eskatia and your Lycan's all suddenly vanish (Cyclone >_< ), followed by -agi cards going back to the hand as well. Everything you try to bring out next gets pummeled. Just one example.
But, back to my point. I don't know the answer to this, I'm still thinking about it, but with everyone battling over what are the OP cards, is it more the cards....or the fact that, decks properly set to counter enemies, succeed? Dispel, is level 2. Falk has low level agi changing cards. Flesh recycle can hurt bad, hey, it's level 2 as well. Gowen's magic weapon is a great addition to anyone, for a level 1, that can change the tide early. Just some examples. And may I also say, I no longer underestimate Turn to Dust. It's not fun going to grab a much needed, no longer there, card. lol. All cards easily put into any deck, any sphere.
My experiment has really left me thinking this one thing: It all depends on the player, and how they play. I still don't know if I -like- labeau, but, my honest lawtia's opinion....he's wreckable. Easily, if the right guy is the one facing ya. Very easily. And that, is exactly why Labeau bothers me. Because it can make a person bet all their chips on it, and play around it, and if a guy knows that and is prepared, that easily can be the end.
To summarize: In the end, I now feel that "sometimes", it's overpowered, depending on who you play, and as a SC, anyone can play it. But so are a lot of things. And sure, it may have a great advantage now? But I have a feeling, with expansions, that is dramatically going to change. Sometimes when I have it, I wished I had a damage SC instead, and sometimes, I wish I had him instead of damage. And often enough, he gets smashed. I still havent figured out which SC's make up what I really need but, I'm definately seeing other strats in interesting lights....