It’d be pretty hard to interpret it any other way, since that’s exactly what it says.Yeah, I think that’s the best interpretation. The spell can be cast in a way that doesn’t consume the component, or in a way that does. If you want to cast it in the way that does consume the component, then you need the actual component for it to consume. It’s practically tautological.
Yeah, I this is a far weaker argument, and IMO doesn’t hold up.
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