If you don't have the quanta you will wait until you have the quanta.. Or until you lose the target.
Considering that at best it is CC every 2nd turn, I don't think it is so OP.. even if you have a lot of light quanta (which - lets face it - means you are talking fractal ROL when upped).
To pull of these + fractal ROL is not a quick or few card combination.. it might help with the stall but is still slow CC (once every 2 turns)
If the creature is weak, it is especially bad CC (2 turns to kill a 3hp creature?).
If the creature is strong, it still takes 2 turns and gives ample opportunity for the opponent to adapt (by buffing or any of the 'target lost' techniques). Or to destroy the permanent. Indeed the damage will be only dealt if the enemy lacks PC and any buff and any skill modifier (like butterfly effect).
In comparison, Owls eye does 6 damage (to creatures) in 2 turns for 4 quanta..
While yes, it costs 5 quanta to summon, it also deals 5 damage every turn to the player..
In comparison, 6 damage costs 6 quanta here and does no damage to the player..
The upped version, by costing 1, won't appear be subject to the Mulligan for the opening hand - while the unupped is one off slow CC. So this should further prevent a ROL fractal upped from getting it too early.
Thoughts?