This. Or have spells scalable. So for instance, instead of "Unlock 40 points" it would just be "Unlock." If the lock is lower than your current alteration level (or some such) and you have enough magicka, it works.
Would be a problem on complex multi effect spells, also premade spells are usually a little cheaper to cast than the self made ones.
Naturally we should have the option to delete spells, probably because of some oversight they forgot it in Oblivion and it was not only to add a button for delete for some reason. Unimportant if the game remembers if you know the spell effect or not if you delete all spells who uses the effect, if it forgets you have to buy a spell with the effect again, if not well you know the effect. More important to be able to delete the “great deal” spell you made with fortify mercantile 100 for 2 seconds on touch