Probably - I've got a suit made up of ToT stuff, a totem tali, horned runic crafted stuff, and a normal orny, that's 3/6, 100% LRC, 40%+ LMC and all 70s, that has no skill bonus stuff (and on a human, no less).
Elves, on top of this, could wear the Spell-woven Britches (+10 med) but that puts more LRC stress on the rest of the suit.
Theoretically, one can also go with FC & FCR off a spellbook, and get 10 magery off an Alchemists bauble, plus get up to 2/5 by wearing a 1/3 ring (And the 1/3 ring could have skills as well as the 1/3).
Then, there's the Treatise on Alchemy talisman (that gives a magery bonus, right?)
My fisher is a bit nuts; besides that suit, she's (all natural skill)
120 Magery
120 Eval
100 Med
100 Fishing /100 Inscription / 100 Tactics / 100 Resist (3 of the 4 at any given time)
80 Chivalry
And uses either a Water Elemental Slayer Scrappers, or a SC mage weapon archery weapons (of various slayer types), as the situation requires (and switches to +magery jewelry with LRC and some FCR, giving up the FC, when using the bow). Damage per second, with the Chivalry & tactics, typically exceeds what she does with spells (even with inscription), when helping at peerless and Ilshenar/Malas champs (plus she has two EVs or Earth Eles slugging in as well when using the bow).
