spell channeling means that you can cast magery with it in your hands, and not have to disarm to cast. There is no hpr or mr limits that I know of, although I have heard that there is a mr of 15 or 16 cap. Dont quote me 100% on this tho. Fast recovery/Fast cast is the time it takes to cast the spell, and the recovery is the time it takes you to be able to cast another spell right away. Magery is capped at 2fc/6fcr, chivalry is 4fc/6fcr, necro 2fc/6fcr. Hope that helps ya some! Welcome to the Forums too!