Elder Scrolls IV: Oblivion Mod - GQ Upgrade Arrows Generic v1.0

GQ Upgrade Arrows Generic
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This is a simple mod for Elder Scrolls IV: Oblivion to manage arrows. It requires the Oblivion Script Extender.

This mod puts a script on a key (FormID xx004593, where xx is the hexadecimal load order number). When the player tries to equip it, it will try one of two things:
(a) Convert Arrows
Arrows are upgraded to 0.05 weight, silvered, and 50% faster. This requires a combination of Alteration and Armorer skills. The required skill is (alteration + armorer) >= (arrow damage x 2.5), and at most 3/4 of that value can be from your Alteration skill).

(b) Upgrade Arrows
If the arrow is already a Converted Arrow, Equipping the key will cause the arrows to be upgraded. 3 Arrows are converted into one of the next higher damage class. The required skill is twice that of Converting Arrows.

The mod supports arrows that have a damage rating of 1 to 30.
Successfully performing either action improves Alteration and Armorer skills slightly for every 3 arrows Converted or Upgraded.