I will repeat what i said in others posts, some make embolden seem more powerful then it actually is.. It should be physical + magical dmg boost.

Verraise is simply an excuse that still gets used and will remain for reasoning behind RM having lower damage. (because sure let us forget smn also can raise..)
Compaired to other jobs i play the level 80 dungeons (just as example) feels somewhat painful playing as RM, dmg buffs are in fact what is needed.
The job seems to be going same route as last expansion, every job will see multiple changes until they decide to perhaps look at or implement any sort of change to Red Mage.