In coding theory, a common question is to understand the threshold rates of various local properties of codes, such as their list decodability and list recoverability. A recent work Levi, Mosheiff, and Shagrithaya (FOCS 2025) gave a novel unified framework for calculating the threshold rates of local properties for random linear and random Reed--Solomon codes. In this paper, we extend their framework to studying the local properties of subspace designable codes, including explicit folded Reed-Solomon and univariate multiplicity codes. Our first main result is a local equivalence between random linear codes and (nearly) optimal subspace design codes up to an arbitrarily small rate decrease. We show any local property of random linear codes applies to all subspace design codes. As such, we give the first explicit construction of folded linear codes that simultaneously attain all local properties of random linear codes. Conversely, we show that any local property which applies to all subspace design codes also applies to random linear codes. Our second main result is an application to matroid theory. We show that the correctable erasure patterns in a maximally recoverable tensor code can be identified in deterministic polynomial time, assuming a positive answer to a matroid-theoretic question due to Mason (1981). This improves on a result of Jackson and Tanigawa (JCTB 2024) who gave a complexity characterization of $\mathsf{RP} \cap \mathsf{coNP}$ assuming a stronger conjecture. Our result also applies to the generic bipartite rigidity and matrix completion matroids. As a result of additional interest, we study the existence and limitations of subspace designs. In particular, we tighten the analysis of family of subspace designs constructioned by Guruswami and Kopparty (Combinatorica 2016) and show that better subspace designs do not exist over algebraically closed fields.