Finally, consider what you are really losing on the deal?
Red Lantern Ring gives you "+Power equal to the destroyed card's cost."
You aren't losing any Power from the deal, because anything you 'spent' is returned.
Example: I pay 3 for a Kick. I play Red Lantern Ring and flip up a Kick and a Starbolt. I choose to destroy the Kick and get +3 Power.
Paid 3 for Kick, got 3 from destroying Kick > no lost power.
Yes you technically lose the VP from the Kick, but with an extra +3 power the card(s) you buy will probably make up for it.
This is crucial. Trading little stuff for extra Power so you can combine it with the other Power in your hand so you can buy something awesome; that's where it's at.