
Avoron |
The most powerful are also the least reliable: a sphere of annihilation or a harrow deck of many things.
Personally, I'm a fan of the id portrait. It provides a unique and powerful benefit that cannot be duplicated by any other sort of magic. Not only does the ability to create alter-egos of oneself (with completely different abilities) provide a lot of versatility and influence, it is a fascinating roleplaying opportunity.

Scythia |

Especially for a caster type, the obvious choice that comes to mind is Staff of the Magi. Having a decent number of charges makes it useful, it's got a decent spell selection, it's absorbing ability provides excellent spell defense and additional power, and you can self-destruct if you ever want to.