I have not done much with Alteration in Skyrim because I don't like the way they did mage armor. Three perks and an expert level spell to get less than 50% of the protection that any bumpkin soldier can get? I was mightily disappointed. Whenever I get my Alteration to 100, I may give Dragonhide a try, but since none of my characters bother with mage armor spells because they cost so much magicka for so little protection, that is going to take quite some time.
Agreed. I had a pure mage character that only wore robes. And man, the flesh protection spells are weak. I was never able to get the Dragonhide because the quest glitched and I couldn't get what was needed. It's also annoying to have to continually recast the spells. At a certain level and with a certain amount of perks you should be able to have at least something like Oakflesh protection at all times.
OR... they could have made an unarmored perk in the tree or had an unarmored tree unto itself. Otherwise, though the Alteration tree is solid.
As for Restoration, after getting in the habit of using it, it's awesome. I hate scrolling through my potion inventory and seeing 20 restore health potions and 7 fortify health potions. I still always carry some for especially hairy situations but Close Wounds eliminates the need for them more often than not.