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Loremaster -also- tells you information about mobs on examine, level 1 providing their stats/vitality, level 2 providing their resistances (their talents being in either 1 or 2), and 3 providing their status immunities. Beyond that I don't know how it affects examines, but it's certainly not useless to know these things before finding out the hard way, so having someone on hand with Loremaster isn't a bad idea.
I never used thievery and I've got enough money to buy everything I want. Just make sure you search around and pick up random plates and stuff as they are light weight and go for hundreds of gold each. Plus high bartering gets you loads more money.
Thievery you get caught like always. Bartering is not enough discount.
Lockpick you can get very good unique gear and persuasion for dialogue for quests.
2) Teleport to ship
3) Sell items
4) ???
5) Profit
And as you said, it also grants lock picking which is REALLY good
Bartering gives you more money for selling, as well as lower prices. It's quite frankly an amazing talent that I wouldn't play without
Feels like you have to put bartering on your main then cuz switching loot is such a pain in the azz. Also then you can't get persuasion on your main for dialogue.
And all those items result in you never having money problems. ^^
Loremaster ID checks go up to 5 btw.. so unless you wanna spend 5 points on that skill, you should pick a more useful civil skill, since all traders on your ship have loremaster 5 ;p