This thing is the ultimate warship. Its saddle has three gun turrets that consume element when shooting. It has a bomber mode that drops a cluster of bombs below it, consuming ambergris as the ammo. It can pretty much warp you and your nearby allies instantly. Plus it has a platform where you can build structures, similar to the platform saddles we’ve seen on Quetzals, Paracers, etc. The platform space is really small, but definitely workable.
It can swim, it's just unfathomably slow. Flight is also slow but builds up speed to a point comparable to a quetz or Argy. Aside from that, either I'm using hyperspace wrong, or it only teleports you maybe 100' ahead or so.