Someone on reddit brought this up. http://www.reddit.com/r/everquest/comments/34gbd6/spell_damage_what_out_of_the_loop/
Spell damage info seems messed up. Spells getting worse as the level goes up on them.
Ice comet - https://everquest.allakhazam.com/db/spell.html?spell=732
Lave Bolt - https://everquest.allakhazam.com/db/spell.html?spell=70