Too bad EA will be stuck at level 4 so we won't be able to really test how bad things will get without a revision of the UI.
I imagine it's the opposite, if not for the early access they probably wouldn't have added Arcane Recovery in yet. My guess is the system they have here is a placeholder and they don't have to worry about when they retool it since they're not letting the public mess with it till release. I'd expect a slight buff where the Arcane Recovery has a number of charges you can expend to regain a spell equal to the charges spent. That's easier to implement and scales better.