Definitely a bad idea. There is already plenty of stacking luck mechanisms in this game; any further additions will create an even worse economy that what we're currently facing. Take Pocket Legends for example: many veterans will tell you that once the 100% luck elixer was added, the economy collapsed and is still a bit unstable in some areas. If anything, +20-30% gold drop rate would be better. Gold drops at increments of 1-10 from mobs/crates/barrels/chests and I think 50 from bosses, so they could correlate the rate at which gold drops from these items to Abaddon's stat.
Abaddon will be useful for the next level cap and future caps. However, over time, the value of his +110 armor deteriorates. They should have just made it a solid stat like +4-5% dmg reduction instead, so that he's useful for many many more levels.
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