Of course, presumably Phoenix can multi-revive and inflict fire damage all at once.
It can be crafted too so you can check out the description in the crafting menu It revives one dead party member and is AoE, so you got it mostly right. The combination with revive is indeed very neat, but still, 1 use is just too much of a waste of a slot IMO. I could almost craft it too, only missing one 4* summon orb.
What I could really use is a AoE heal. But I think those only exist in special weapon soul breaks so far