You need to watch this movie https://youtu.be/Q81Yf46Oj3s?si=wyeNGr8NqIF54VJG Nightmare Alley
I have seen such system and played with them in the past. They get to crunchy and slow down play at the mid & higher levels.
Prefer something like 90's Mage by White Wolf. Free form and unique magic but worry about the penalties of failure to keep magic for special circumstances.
see my post here https://lemm.ee/post/2175533
A quick and easy hack for D&D5e would be to reduce the damage and effects of cantrips for all magic classes.
Convert all spells to magic point system and offer spell casters the option of free form casting in addition to their vancian spells.
To load a Vancian Spell into a spell slot will cost 1mp to memorize for the day per spell slot. There will still be cost to actually cast it.
They are arming up and trying to cancel Yoon Suin again.
They have been shot down in the past. They keep trying to find fault.
You need visual aids for Troika