Both effects of this card start a Chain.
If the equipped monster is removed from the field [ in the middle of a resolving Chain, you will ] sic miss the timing to activate the effect to return this card to your hand.
The effect " If it battles a LIGHT or DARK monster, destroy that monster without applying damage calculation" makes a Chain Link. (It does not target.)
The effect " When the equipped monster is removed from the field and this card is sent to the Graveyard, you can return this card to your hand" makes a Chain Link. (It does not target. It can be activated even during the Damage Step.)
Konami Gameplay FAQ: Ancient Prophecy -- Card Rulings (version 1.0) ↑ 2.0 2.1 2.2 2.3
Konami OCG Card Database: Core Blaster
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