It seems like you're trying for the magical chance of MP proficiency (from Conserve MP; not from efficient use of MP) over the time-tested solid damage sets. Ditch the Cobras for Yigit Crackows; i hate seeing BLMs wear those at all. I'm guessing you're using Elemental Torque over say Prudence because you probably don't have it (so you're fine there). Now, the Selenian Cap. Either go with Demon Helm+1 for straight damage, use AF+1 (if you have it for hybrid INT+MP), or request that hat into something more exp worthy (INT+4, MAB+2, MACC+2).
Also, I'm sure that you're smart enough to figure it out for yourself, but to this day I still consistently see BLMs using AMII's in regular rotation (not just for ePeen dmg figures) in pudding exp. Tier III's, Tier IV's, and drain are your friend (I'm sure you know this, just reiterating).
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