Why Chain Lightning? Sure, it's initial damage is okay, but then the subsequent damages... aren't that good. =/ 20d6, IIRC for the first shot, and 10d6 for the others. 10d6 is like a Fireball that doesn't hit friendlies, and that little radius that it actually hits isn't all that big either.
IMO, I would use the macro spells for quick de-buffing of enemies, not for the damage. Unless you're using Sunfire or somesuch, you're not going to be doing all that much damage, compared to the damage that your party can dish out in one round using their weapons.
Of course, I'm going to take flak for this, but other than the 2x MM and the 3xSunfire/Skull Trap, I really don't use a Spell Trigger/Sequencer for damaging. You'd be surprised how easy Dragons are after you hit them with a Spell Trigger with 2 x Lower Resistance and 1 x Greater Malison, and a followup with a Spell Sequencer of 3 x Slow. More likely than not, two Slows will connect, one negating his Haste, the other Slow'ing him for real. Same goes for virtually everything else; if they're bunched up, Slow them and let the fighters go after them. They're easy meat.
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In The Terminator, Sarah Connor is told a speech by John Connor\'s father that John has given in the future. When John is born, Sarah tells John this speech, and John grows up to tell it in the future. So who wrote the speech?!
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