In my previous iteration of this question, I proposed a replacement for the Master Transmuter option Restore Life. the feedback I received identified that it was too powerful, so I have a new, much simpler proposal. The brief description below outlines the problem; see my other question for a more detailed explanation.
The School of Transmutation wizard archetype has a feature at level 14 called Master Transmuter. It can allow such a wizard to, once per long rest, destroy their transmuter's stone and do one of a handful of options, one of which is:
Restore Life. You cast the raise dead spell on a creature you touch with the transmuter's stone, without expending a spell slot or needing to have the spell in your spellbook.
Unfortunately, in my homebrew universe, there is no resurrection magic, so I'm looking into replacing this option with something homebrew that is not related to resurrection, but still at least broadly fits the theme of "Restore Life".
Still considering greater restoration, I wonder if it would be balanced to simply allow Restore Life to cast it instead of raise dead, a direct trade with no other additions (i.e. not a "super charged" version like I proposed before)?
Restore Life. You cast the greater restoration spell on a creature you touch with the transmuter's stone, without expending a spell slot or needing to have the spell in your spellbook.
My reasoning behind believing that this might be balanced, in light of the feedback, is a) it's a 5th level cleric spell like raise dead, and b) it is not usually available to wizards, same as raise dead.
One the other hand, I'm concerned that this might be a bit weaker than the RAW raise dead version of Restore Life (after all, once you're dead, greater restoration can't help at all), and the fact that, in the context of curses specifically, greater restoration can end one curse, whereas the Panacea option can end all curses.
If that is true (that my proposal is weaker that RAW), I'm also considering waiving the costly material component of the greater restoration spell if cast in this way, since it seems you do need it for the raise dead version. If this is not weaker (or waiving the material component would make this vastly more powerful), then I won't do that.
So my question is, in a setting where there is no resurrection magic, does my new proposed replacement of the Restore Life option of the Master Transmuter class feature seem balanced?
Ideally contrasting with and without my "waive the material costs" suggestion.