» Tue Jun 19, 2012 12:49 pm
That particular enchant (all versions of it) can only be put on a chest item, so you can't stack it. I think it tops out at 15% magicka reduction, and 50%? magicka regeneration (not sure about the regen amount).
With the full magicka reduction enchants, they can be maxed to 25%, and can be put on 4 different slots, so with full perks and 100 enchanting, you can actually have two schools that cost 0 magicka to cast any level spell. At that point, magicka regen is unimportant.
To answer another part: enchants can only be applied to items that have NO enchants at all. That includes adding a second enchant if you have the perk- it still has to be done to a "blank", unenchanted item.