I find this works quite well (ultimate weapon + wizard bracelet)

Master Magic[green] = All[blue]
Master Summon[red] = MP Absorb[blue]
Master Command[yellow] = HP Absorb[blue]
HP Plus[purple] = MP Plus[purple]
Double Cut[yellow] = Counter Attack[purple]
W-Magic[yellow] = W-Summon[yellow]
Final Attack[blue] = Phoenix[red]
Enemy Skill[yellow] = W-Item[yellow]