So the Arcanist opens up an interesting possibility. Consider an 11th level arcanist with the Greater Metamagic Knowledge exploit. Memorize a spell one day with a metamagic feat (say, a widened fireball). The next day, swap out widen spell for empower spell using greater metamagic knowledge. Since the arcanist memorizes like a wizard, only memorize a new 5th level spell. Then memorize an empowered lightning bolt.
The question is: If the arcanist no longer has the widen spell feat, does the arcanist lose the ability to use the previously memorized spell and lose the ability to cast the widened fireball? Or is the act of memorizing the spell the action that requires the metamagic feat (since memorizing the spell is 'almost-casting' the spell per the core rulebook) and casting the spell just releases the energy?
This opens up the possibility of an arcanist building up a tailored repertoire of memorized spells each with different metamagic feats over a period of several weeks.