Originally Posted by
Sattori
No, 100% false.
It takes about 89 Mastery rating for 1% mastery (increasing your damage by 1% at 100% mana). It takes about 180 Crit rating to increase your crit by 1% (increasing your damage by 1% all the time, on average). Assuming you can stay above 50% mana for most of the fight, Mastery will always give you more damage than Crit as Arcane, since 180 Crit rating is +1%, and 180 Mastery is +2% at full mana or +1% at 50% mana.
(lvl 85 numbers of course, though they'll scale identically to 90)