It's important to note that while Meditate is needed to mem spells faster, a skill of 1 should be all that's needed to get the normal memorization time.
That's the whole reason bards get meditate. When Kunark was released it was taking over 2 minutes to memorize a single level 50+ bard song, so they gave them meditate.
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Muteki - 57 Bard
Alva - 53 Monk
Kallon - 58 Shaman
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