That's "almost", at least relative to Trine which is probably 20-25% weaker.
Aqualung is still much better than Trine, and can still be gotten much earlier than Trine. Trine is actually one of those I use the least. Only when I'm up against a target weak against lightning, or when I don't need the amount of damage Betalung offers.
Enemy skill is most definitely tied to the person's magic power stat, though, as evident by Earrings/circlet increasing damage on these three main AoE nukes significantly.