Fair enough you can equip just two spells.

These should be destruction spells though. You shouldn't have to go through the tedious routine of equipping if all you want is a little light!

I've had a look at this mod: http://www.nexusmods.com/skyrim/mods/43123

But I was wondering if someone has made one that uses a toolbar or numpad to instantly activate spells etc, perhaps a little like the favourites menu, minus the pausing and need to equip.

Thanks!

Once you've added spells (or weapons) to your favourites, you can assign them hotkeys, so that you can equip them without having to pause the game.