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Depends, sometimes the socket bonus is good enough for the damage loss to be small to non-existant for a decent stamina gain when you use a glowing nightseye, but in general for dps hit>damage>crit and if you're hit capped forget about more hit ;p and stam is never an issue, but dropping for example effective 1-2 spell damage for 6 stam or 4 spell damage for 10 stam isn't totally bad. Argueable though and useless on many fights, but if it's an item you're never planning to take off (even in fights where you do need stam) then it's worth considering based on the actual item and its socket bonus and other gem slots.
As for meta requirements, just forget it, you're not going to have more blue than yellow unless you gimp your gems in 1 way or another, and besides, 1/2 cast time bolt is still 1.5s GCD.
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