Palinchron and Rainbow Efreet are old classics worth mentioning also that don't belong in top 5 (anymore), just like Ophidian (outdated mostly), Venser, Shaper savant (too expensive for its effect and not too big of an impact on the game itself as a whole- yet), Cloud of Faeries (too small of a creature only good in multiples and not as broken as other blue top 5 contenders) and Wonder (the best reincarnation but not as P/T-to-cost effective himself and not needed anymore in most decks that ran him).
Yess I am harsh when it comes down on judging cards on power level, but to show real winners only you have to be.
Also, Mistbind Clique is an all-star now at 4/4 flying for 4 with flash and a build in mana-denial strategy, but if faeries as a strategy rotates I doubt it will be a top-notch card forever because Faeries isn't that good in legacy. Maybe it will still rock in extended for some time though.
1- Meloku, the clouded mirror (no other blue creature, save morphling, has been so dominant for so long)
2- Serendib efreet (a personnal favorite)
4- Sower of temptation
5- Man-o-war (again, a personnal favorite that brings back good old times)
*Ninja of deep hours
*serra sphinx (this one's been so underused. Serra angel is a pretty damn good creature in blue standards)
*Cloud of faeries
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G- proud green mage -G
Currently playing ----- Commander: Azusa / Ashling the Pilgrim / 30$ Jor Kadeen
The second is guaranteed as a T1 deck that is really good, plus its' mana is better. I would choose #2. However, Eminem is correct, comes down to preference. Eminem was not correct, however, for tying Rihanna to the bed and setting the house on fire.
Iona is a monster when she shuts off the entire deck/all their ways to deal with her. In multiplayer you can name white and get her doom bladed or name black and she goes to work at the farm. Not so good.
Anyway, Sea Drake looks completely insane (It's the Gush "drawback", only a creature instead of two cards!). Ninja of the Deep Hours isn't probably in the top 5, but it has a reliable and prominent legacy role.
Blue tends to use less creature heavy builds (Other than a few obvious exceptions, like fish). When it does use creatures, it often splashes from other colors (As infamously happened a lot with Tarmogoyf).
The amount of lists that feature Morphling and no Vendillion is scary.
Morphling and most of the creatures mentioned in this thread are well past their prime [by YEARS mostly] and their power level compared to playable blue creatures is laughably low.
A Top 10 cards that can help you win games:
Lord of Atlantis
Ninja of Deep Hours
Sower of Temptation
Kira, Great Glass-Spinner