oh sorry...I miscalulated. added another 100.
but yeah...its OVER 1000!!!!!11
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But if you did use the HP-MP materia, and then pair Knights of the Round with Quadra Magic, would it work? Because if it did, you could just mime it, and be pretty much unstoppable.
Thats prolly why its one of the four secret materia. It has uses, but they aren't as obvious as the other three (cast Ultima 4x, use KotR, have someone mimic this= oblivion)
mimic - good to use moves without having the materia equip on the person. Also good to use spells for free knowing you had to use the spell before though. Also you can mime limit breaks.
Hp
mp - good to restore MP (as mentioned by me before) or you can max out luck on the person wearing Hp
mp by morphing monsters in the sunken gelnika and then add cover to someone else. Then you'll just be able to cast like no other.
Quadra magic - Very good with reflect and I think you can make one magic spell cast up to 16 times. anyways without having to cast spells on a reflected character you can always just use it to spam spells.
KOTR - the best summon and one of the most damaging moves in the game. Equip with Hp/mp absorb and with the right enemy you'll find yourself curing over 9999 hp and/or 999 mp.