[quote=@Vec]
[@ActRaiserTheReturned] I see, I read through the Wikipedia article that you (should have) referred to. Look, I believe the idea that magic involves accessing transcendent Forms to be philosophically rich, immediately distinguishing our setting from "magic is just another energy source". However, I believe that there are wildly different power levels between the three, especially when it comes to Wizardry. 

You could flatten the power curve so Wizardry is the most versatile or prestigious rather than objectively superior. There should be a trade-off to [i]"The Wizard becomes more like what they study."[/i] Lean into body horror & transcendence. AKA A Wizard of Fire grows feverish, their eyes glow, they stop feeling cold; A Wizard of Stone becomes slow, patient, and literally harder to wound; A Wizard studying the Form of Madness goes insane; A Wizard studying the Form of Death becomes undead. You see where I am going with this, [b]power in exchange for humanity[/b]. A master Wizard of three Forms is barely human anymore.

We could equate Forms to be akin to Divine Domains, however exactly because they are not given/bestowed by a deity to the mortal, they are "impure" and "lesser" and as such, they exact a price from the Wizard in order to obtain said power for themselves. This helps with differentiating mortals that gain power from divine patrons and mortals that specifically study magic itself. It gives meaning to e.g. clerics or priests of a deity.

Also, I think you should give each school a domain of excellence: e.g., Alchemy excels at persistent effects (potions last days/weeks), Magick excels at large-scale or group effects, Wizardry excels at precision and speed. This solves the power level debate, as they don't even compete against each other anymore, there are simply different uses for each one and they all excel at what they are intended to do.

There is meat to this idea, but it needs further elaboration and fleshing out in order to find what its limits are.
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Ah okay. Thanks for the feedback. I will flesh this all out a bit more, oh and sorry I didn't cite the wikipedia article.