I'm not good with math, but wouldn't Recitation + Dissipation + Excog/Indom be ridiculously powerful if Dissipation was changed to effect all of Scholar's healing? I think maybe if it impacted Lustrate that would help because at higher levels Lustrate is pretty underwhelming, but Indom and Excog are already very good, especially paired with Recitation.

I've thought before that instead of eating your faerie, it should really just "silence" the faerie. Obviously I don't know how the internal coding for Lily works but I think if she just stopped using abilities for 30 seconds it should completely fix the annoyance of having to manually place her again when she comes back and because she's still alive, it would let you gain the 30 faerie gauge from the Aetherflow that you just gained.