If the Equipment is no longer on the battlefield as the job select ability resolves, explains WotC's Matt Tabak in the official FINAL FANTASY Mechanics article, you'll still create the Hero token, although you won't attach any Equipment to it. When my Reaper's Scythe enters the battlefield, its job select ability will trigger and put the trigger on the stack
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The almost-etched appearance gives this card a high level of distinguishable detail that is particularly easy to see in the Inferno X version, with a shimmering rainbow effect as you rotate the card
At the same time, it won't gain you life either the way Savra will, but since lifegain is negligible...yeah