If Christ was on earth, he could not be a priest. One reason has already been given for this: he was of the tribe of Judah, and according to the law of Moses those priests who served in the earthly tabernacle could only be taken from the tribe of Levi.
This is what we hope for and need. Another earthly priesthood with all the same limitations would be of no use to us, but a priesthood which originates in heaven, which comes from that perfect realm from which sin and death are banished is a priesthood that can truly redeem us.