"Elemental Magic Skill bonus makes this peice the best you can currently aquire in this slot for nuking with your scholar."
Correction: It is the best piece for nuking in high resist situations. It is the best piece for Drain/Aspir/Enfeebling (in Dark Arts). For general everyday nuking, look to Errant/Mahatma Houppelande, Yigit Gomlek, or Royal Redingote (with +4 Macc, +4 MAB).