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Let's assume you make your spellcraft check to see if you can figure it out in about an hour.
One "right" way is probably to use the spellcraft check like you use the jump check: consult a table, and it takes you this long for this level spell. That would make the 20th level wizard be able to record the 1st level spell much faster than the 1st level wizard.
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2 hours per spell level to copy
This is going to work just fine, and is a positive change- and it reduces downtime greatly. Now, could I copy spells in a rope trick faster if I took the feat Comfortable With My Sexuality?
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A day per spell level is absurd... particularly given that these spells are apparently cast in under 6 seconds.
Technically, what you do when you memorize is cast the spell except for one little trigger. Granted, this takes 15 minutes to 1 hour for ALL of your daily spells, which is still really fast.
And as I said, it's not a day per spell level- it's two days per, by the book, with the intent that it be one day per. Well, 24 hours they say, which we are using "day" for.
Either way it's moderately silly.
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As for other spellbooks... I'm torn. On one hand, it seems to make sense that you can nab someone's spellbook and memorize a spell from it. On the other hand, it means you can walk into this library and walk out with any spell you want.
Is that even out of line? It's a fully equipped and famous library that lets people study books worth 10,000 gold each (cost of a standard 100 page spellbook with writing on each page), and they have MANY of them. If we were at a world famous armory that was willing to lend out 100,000 gp worth of items to each fighter, I'd expect that they would punch shit pretty hard!
The book method works fine too, of course, and it's not like wizards need buffs or anything. It just means that I have another layer of spell list, those spells which I have at some point written down with expensive inks.