Fortunate Path node is a trap?

it's increase the rarity of waystone by 100% which mean if it drop as normal it will drop as magic instead right?
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but if it drop as magic you can only aug and regal to add 2 mod for cheap and have to use exalt after that.

but you can just use 1 alchemy orb to get 4 mod waystone...and i think right now the price is 2 alc per exalt.

i just want to confirm if this how this node work?

It increases the overall rarity of waystones which includes rares with 5 or 6 modifiers.

It's still a somewhat bad node as it doesn't affect any other loot or exp.

I've also noticed that orbs of alchemy are a lot rarer than they were in PoE1. I started alchemy orbing all my maps in tier 6 and above like I was progressing yellows in PoE1 and quickly realized I was burning through them fast.

I save rare maps now for boss maps, and use blues elsewhere, which I think might be the intended design or something close to it.