You are not factoring in dwarven hammers. It is only six gems each with them. If you get a lucky site find then you are looking at 4 each.
The other thing is the X factor. I am playing Atlantis with the better indie mod and have not found any usable archers. SC's look like a good way out of my corner. Besides how cool would a few buffed Kraken or Monster Fish look in a "it came from the sea" attack. The whole thing is alot of trouble so I might as well have fun.
From what I have seen Corwin is right about the reverse communion. However, for the slave matrix to work your slave must have at least one magic ability. So it will not work on Sleepers but will work on Vampire Counts for example.