Yes, it seems well researched and balanced. I like the descriptions of the "magic system", if you will, how you can recognize magic by its smell, how the magic was once prevalent but got weaker over time, how the individual characters found their way into it and how they chose to use it. In particular Leo Friend is a gross antagonist in many ways. The chapter written from his perspective is well written in the sense that it puts the reader into his boots, and repulses them all the same. Rooting for his comeuppance 😬
Don't forget that one time he identified a trap door at Rum Rogers' house.
Actually, more closely related to puppeteering: Guybrush's background as a kid who played with his (sister's?) dollhouse saves his life when he gets to show his competence with dolls not only once but twice in LeChuck's Revenge. Although the way Guybrush ends up using it does remind me of the way an evil brother would play with his sister's dolls.
Then on to Chapter 6! The book is long enough as it is, I also still have to catch up.