All hit spell effects are based on 80 Eval Int, not a thing to do with inscription or any other skill.
But you know... trying to find a source. I do remember a UHall posting from a Developer on this, just can't locate it at the moment.
Found an FOF reference:
"On hit spell damage question. What level of magery/eval is the damage of the on hit spell calculated ( lightning, magic missile, fireball, harm)?"
The Evaluate Intelligence used for calculating the damage of on-hit spells is 80. The base damage is determined by the spell's circle - so Magic Missile has a base damage of 1d4 + 10, and so on. (For non-PnP folk, that means roll randomly between 1-4, then add 10.) Magery doesn't come into it at all, actually.