I created a table to use during my next playthrough, so I thought I would share it with everyone. I was not able to complete the requirements for 4 Ultimas. Acquiring all the Ultimas is a quest in itself. I would suggest you spread out your uses of some character's Technics because you will easily end up with levels above 200 for spells like Blaze.
And getting Kraken's Technics all to at least Lv3 status is necessary if you want the final available Relic (if I am correct in my thinking about a certain chest in a SR). Kraken is such a major force of destruction that improving his skills seemed less important than the others. I was wrong and will change my strategy next time.
2 items are important to success in acquiring Ultimas.
1. Book of Scrolls adds +1 to spells after each win. BUT you need at least 1 use recorded for a spell for this to happen. Otherwise use will stay at 0.
2. Maleficus Generatus (Relic) adds +1 to skills to holder of Book of Scrolls (must be equipped by another party member). Same requirement for a skill to have at least 1 use. The description mentions a Doll that I never found?
And the award for the spell you expect the least from? Piper's "He Has Arisen" that I expected to just Resurrect all party members with some restored HP/MP.
EDIT: This list is now complete.
Luke's Ultimas
Dance of Vulcan (Fire DMG 465)+(MAT*3)+Current uses of Blaze Spell
Luke gets MAT buff for 3 turns [100 Lvls needed of Stardancer/Inferno]
Divine Intervention (Heal 350 HP)+(MAT*2.5)
Cures all Status ailments/ ATK buff - 4 turns [100 Lvls needed of Charge/Heal]
Djinn Current uses of Blaze Spell restored in HP + MAT/5 in MP
Target becomes Djinn (fire bonus) [100 Lvls needed of Animus/Blaze]
Templar Strike Holy/Physical Dmg.
(ATK + MAT – DEF) +5x HP Lost by Luke (or 10x if HP < 10% normal) [100 Lvls needed of Survivor/Bleeder]
Stellar Breach DMG = (2,888 + MAT*3) – MDF
MDF debuff for 7 turns. [100 Lvls needed of Predator/Finisher]
Piper's Ultimas
Mirror Blast Holy DMG (MAT*4 – MDF) to 3 random enemies
Plus causes 150% Tired and Criticals [100 Lvls needed of Silver Mirror / Heal]
Washes of Neven ALL party Recover HP equal to (Piper’s HP/2)
Cures all Status ailments [100 Lvls needed of Aura / Cure]
Holy Nuke Fire/Holy DMG (751 + MAT*7) – MDF
Inflict Lost 75% / DEF debuff 6 turns [100 Lvls needed of Holy Explosion / Holy Implosion]
Solar Ray Fire Dmg (MAT*9) - MDF
Plus 6 turns MDF debuff and guaranteed hit. Big DMG. [100 Lvls needed of Solace / Rod of Justice]
Sanctimony Confused 79%, Lost 90%, Charmed 20%, Silence 20% PLUS 400 DMG for each state inflicted.
Critical hit possible. [100 Lvls needed of Pacifier / Retribution]
He Has Arisen Holy DMG (MAT*6) + (Enemy HP/4) – MDF
Excell. Boss ATK. (Side effects? +100 TP for Piper and +9,999 HP all)
[100 Lvls needed of Antigone / Insurgency / Resurrection]
Lexus' Optimas
Thunder Boom Thunder DMG (586 + MAT*5) – MDF plus Paralyzed 74%.
Lexus gets 3 turn MAT buff. [100 Lvls needed of Thunder Circus / Thunder Raid]
Razor Claw Physical DMG (1,155 + ATK) – DEF plus bleeding 200%
Lexus gets 3 turn ATK buff. [100 Lvls needed of Poison Claw / Razorstrike]
Rod of Chaos Physical DMG (ATK*1.5) - DEF on 4 random enemies. MUST have Rod equipped.
Plus 32% "Lost" chance and improves with use up to 599 uses (GOOD LUCK!) [100 Lvls needed of Chaotix / Rod of Justice]
Machine Gun (Normal ATK 200%) + (LUK*3) DMG to all enemies
Lexus Luck is buffed [100 Lvls needed of Piercing Bullet / Counterblow]
Torture Pit Huge hit for the biggest Bosses. No stats provided in description, but can hit 10k+ DMG
[100 Lvls needed of Punisher / Malevolence]
Kraken's Ultimas
Deathmore (400% normal ATK) + (LUK*3) DMG
[100 Lvls needed of Death Ram / Death Maul]
V.O.I.D. Double MHP/ATK Buff for 13 turns plus AGI buff for 5 turns.
Plus random party member gets DarkArmor effect. [100 Lvls needed of Energy Infinite / Darkarmor]
Claymore Absolute Physical DMG (ATK*1.5) + (AGI*1.25) for 3 Guaranteed hits.
Plus Kraken gets double AGI buff for 8 turns. [100 Lvls needed of Mazinger / No Country for Bosses]