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Of course, no class is completely without downsides, and the Bard’s shortcomings are rather obvious.
Every tripod has three options for you to choose from.

Effectively, these let you pick a subclass for them to specialise in.
The number of engravings you might equip is variable, and depends on the engraving slots you have available.
Class-specific bonus engravings require LearnedEngravingslots, which you unlock by reading books you accumulate throughout your adventures in Arkesia.

Use Specialization as a secondary stat to build Serenade Meter faster.
This will decrease your cooldowns and help you cast support skills more often.
Whether you prioritize Swiftness or Specialization first is up to you.
Both are perfectly viable options.