Can't believe Na'Vi hasn't picked up on this yet, it's really OP. With this cheap strategy, you can heal, regain mana, gain a speed boost, teleport, and be a tank AT THE SAME TIME.
I've seen Tranquil / Arcane combo played on the same boots though, can be done on a few roaming supports then build into a Vlads first then a soul booster late game.
I rarely do builds like that because sometimes I forget which items can be disassembled and which ones can't, so I'm stuck with spare items and wasted gold.
Only do the ones you can remember then... It's only useful on heroes that can't restore either mana or HP and benefit from the bloodstone late game, like Lina or Leshrac.