Cristo generally takes care of that. Plus, the hero has some Heal spells of his own for backup.
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I never used the magic users much as I didn't prefer how the various AI tactics had them perform in battle. Thus my main party was usually the hero, Alena, Ragnar and Taloon. Unless I was hunting King Metals and Metal Babbles on the way to the underworld. Then Cristo was in my party so his mirror shield would reflect the fireball spell and wipe out the King Metals and Metal Babbles. :D
I've finally defeated the game and got all of the wishes. I have to say I enjoy the "new release" more than I do the GBC version. Sure the GBC version had an extra dungeon, but it was more brutal than fun, having to collect all monster medals to go through the whole thing.
I was also able to get all of the wishes. I especially like how you no longer have to waste wishes on the second bonus dungeon. I'm still missing one of the Small Medals though so I only have 109 out of the 110. It's bugging me a lot since I've went through the Game FAQs small medal list at least twice and I still couldn't find it. I even brought a thief with me who'd do Thief Nose to ensure that I got all the Small Medals in the areas I explored. Yeah, I know that you only need 100 of them to get all the prizes, but it's going to annoy me that I haven't given the small medal man all 110 of them since he stops accepting them after giving away the Gold Pass.