It probably won't get more than 25 extra attack as Magmortar, current Magmar base stat on attack seems to be 206. Though it's nice to have it in the 100% collection.
Magmortar has a forcasted CP of 2980. With that being said it won't replace Moltres or entei but I don't think it'll be a bad fire type either I have a maxed out Charizard that i use in raids and it is fine.
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I got a pretty good Charizard too, though not the best, at around 96% with only max attack. He's been useful, but I tend to use my 98% Typhlosion vs steel types, he ate chunks of a Mawile's HP, and the Rhydon finished it off.
If it stays that way, with 247 attack it would actually be a great addition to my team, even replacing my Typhlosion. Thanks for that link.
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Magmortar is the best nonlegendary fire type in the first 4 gens, but does not hold a candle to the legendaries. It's certainly going to be a good fire type if movesets don't screw it over and Magmar candy is much easier to get than legendary candy.
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Well, I have a grand total of 0 legendaries and I think I'll probably have a Magmortar before any fire legendary anyway.
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I'm hanging onto two 100% Electabuzz waiting for Electivire, but not sure what to do with them since they are only level 20 & 20.5.
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Electivire looks pretty cool and seems it may have a bit more attack power than Magmortar. At some point when you've maxed out everything else you might be able to spare Stardust for them.
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Magmortar's stats are very similar to Flareon's. It will all come down to movesets.