Ok, if Penetration doesn't count toward the maximum Level/Magnitude of the Ritual which can be created, that makes it more workable, too. But does the Penetration bonus apply to ALL of the "charges"? That's how it seems to work with other Charged items, but one gets more "kick" out of them, anyway, with an extra "Charge" per 5 levels over the amount needed for the total Effect with Penetration counted in. E.g. if one has a Lab Total of 70 (using the new Major Alchemical Periapts Virtue), creates a Ritual of Level 30, buys a second "Charge", and then has 10 points left over, would that be enough for +25 to Penetration for BOTH "Charges" of the effect?
The way that I'm looking at it, once the Major Alchemical Periapts Virtue is acquired, one would be strongly advised to engage in Original Research to further streamline it within the bounds of Hermetic Theory. One could, of course, attempt to adapt it for anyone to use, however, what I'm thinking is that it would be an excellent idea to research making it as efficient as other "Charged" effects.
Fixer, noted about the information on Ordeals. How it seems to be written, one undergoes the Ordeal for a given Initiation with full benefit (-3 to -9). This benefit then applies to the NEXT Initiation as well. Otherwise, Minor Ordeals would have no "carryover" at all, since they diminish by 3 points for each additional Initiation (which would make it "0" in the next Initiation if there was no carryover), and they most certainly appear to apply to the next Initiation as well.
A lot depends on the competency of the Mystagogue. Some are better at modifying Initiation Scripts than others.
In this case, I'm guessing that Fuego is highly competent as a Mystagogue. If he has this Virtue (I'm assuming that he does) then the current total for Pre+Alchemy Lore+Initiation Script bonus needed for Vares' is only 13. I don't know his exact stats, but if Fuego has a strong Pre of +3 and Alchemy Lore of 5-6 (typical for a capable Mystagogue) then the "extras" in the current Initiation Script will only have to total 4-5 to succeed with Vares at the current stage. That's true with ANY Major Mystery Virtue Fuego knows which he chooses to Initiate Vares into.
The only likely alternatives within the current Alchemical/Astrological Mystery progression would be either Major Philosophical Alchemy or Divination. I can think of others which Vares might want to pursue; these are the ones which Fuego is most likely to know and be inclined to Initiate Vares into at this point.
I had seriously considered the possibility of Vares conducting his own Experimental Initiation Script into a new Minor Virtue. He believes in original research, and original Mystery research counts. One effect which he would be strongly interested in duplicating is the one possessed by Peter Virilis at Durenmar. Vares has been working to establish his own Gifted dynasty (one of the reasons why he has never taken a Longevity Potion), and manifesting that level of Gifted fertility would, if one will permit the phrasing, help consummate his ambition in that area.