For all my playing career as a tarma I thought that I could only train Mastery
of Medicine and Mastery of Assistance to 95% after which the last 5% would
have to be trained with a greatly increased exp cost. This is because the
guild info says that my racial max for these skills is 95%.

Now, a highbie told me that no, those are arcane skills so I can train them to
100% without any extra penalty because elves can master arcane skills without
problems.

Thus my racial max for those arcane skills is 100%, not 95%. Shouldn't the
guild info show this correctly? It would be a lot more informative and would
avoid confusion.

That bit of race info is also a myth. All races can master arcane skills
without problems! (read: skillmax does not apply to them, but the trick is
knowing what skills are such..)

The message in race info refers to skillmax or skillcost, not quite sure which
anymore - skillcost I ignore and skillmaxes I know.

-Daerid