Just wanted to report that using the Mystic Grimoire wand causes a couple of glitches with character models/animations. It appears to permanently keep a wizard's mouth open regardless of the mouth you have selected, and it also removes your turning animation after the first play through of it. Afterwards your character just continues to slide around sideways.
Currently I have the Mystic Grimoire stitched to a boarding hook wand. I don't know if the stitching is what is causing it, but everything goes back to normal when I have unequipped the wand.