Don't be over confident against wild squids with this. It can't dish out damage fast enough to negate the squid's vampire drain, and can end up slowly getting killed if the squid chooses to never let go.
If you pump every level into Health, you can get up to 26 times the amount of Health it has an the start, which means that If you can get a really good health roll (54 wild levels into Health ) it can get 10 k default health, which you can turn into a 270000 health Dunkleo. Now get a good saddle and a bred, inprinted pair into the ocean with you on a basilo and nothing can harm you.
Wouldn't the addition of the Basilosaurus make taming a dunky useless? You get a good amount of oil from killing them. And they're not exactly rare either. At least on the center they're not. My oil trips consist of taking out something big and devouring a few basilos