Undoubtedly something like Halfling or Fairy would be better simply because they have similar stats but even better movement and magic options. Kobold would also be interesting for on-demand Advantage to guarantee Sneak Attack damage, too.
Just for flavour and the fun of being a psychotic frog-man, I think it's good enough for levels 1-5 when the extra damage really makes a difference, and after that when Horizon Walker turns it into Force damage, it's a nice bonus when it does go off. If nothing else, it's enough to one-shot several minions per turn, even if the BBEG ignores it most of the time. That's still a useful role.