The spell file here is really just a csv (carat separated values) export of lucy data, the only thing it has in common with live is the information inside of it and its name. The way the server interprets it is entirely manufactured by people who reverse engineered things and made it into the current source. So how things work here or have worked here in the past isn't any sort of indication of how they should function.
And to answer your question, yes. The eqcaster parser doesn't show all of the data in the file and its development ended when lucy surpassed it, but it's all there in the file.
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The actual spell itself did nothing. It used a variable in what's known today as the recourselink field. It's not a spell belonging to NPCs as no NPC has ever buffed with this spell.