This card can be very useful for almost no cost at all! Say you use a monster reborn to get back a monster that was destroyed by Man-Eater Bug's effect. You just chain Spell Reclamation, discard one high powered monster card, revive the monster you were originally going to bring back + that high powered card (like say Blue Eyes). You can swarm for pretty much the rest of the duel.
Another instance where this card would be useful would be to chain it to Mystical Space Typhoon. You pretty much get a heavy storm that doesn't kill your traps/spell for the cost of one card in your hand.
If you can pull it off, try using Monster Reborn, chaining Spell Reclamation, then chain Trap Reclamation, then chain another Trap Reclamation. If you pull this off, you pretty much win.
Hope you guys have learned something here!
RCbobo