@Boeroer Thanks that is some great information. I've started the play through and I see what you mean with the 15 MGT in early game, but so far I am managing. Once I get enough levels to use level 7 spells, I think I may buy a mercenary and try the Paladin/Monk idea that you recommended. Which Paladin subclass do you think would be best?
Also, I can confirm that lesser wounds is not an option for Forbidden Fist on the Xbox version.