If the points system does not take into account what spells can do, then the points system is useless. Yes, if I ignore all the spells and look at only the Wizard's class features, he is a commoner with a pet. But to look at it that way is completely retarded. The very first thing I would ask when you show me a Wizard's stats on a paper is "Where are his spells? What do they do?"
I did look at the magic section: the multipliers are fractional, which means they reduce the value rather than increase it. The value of spellcasting is hilariously low.
That's not the only thing wrong with this system, either. For example, it rates a d12 hit die as being worth 20 points more than a d10 hit die. The difference is one hit point per level. You could take
a single feat and it would do it better. Likewise it rates Simple Weapon Proficiency and Light Armour Proficiency as being worth 10 points each, when they, too, can be gotten with just a feat. A one skill point per level increase is counted as worth 8.5 points, when that is also just
one feat. Meanwhile, it rates a bonus feat as a Normal Ability with 1 point, multiplied by 4 if I get it at low level. The guy who wrote this had good intentions, but didn't know the value of anything.