I don't know of a simple way to give an accurate answer for that, but it's probably better (although more involved) to look at individual scenarios; e.g. replacing Item 1 with Item 2. The quick, approximate way to analyse this would be to evaluate the changes in the relevant stats (i.e. new item minus old item), multiply them by their respective current stat weights (for your gear) and sum the results; if greater than zero, the new item is (probably) better.
A more accurate way (particularly if neither Haste nor Spirit is present on either piece), would be to take your spell breakdown and evaluate Eq. (7) in the equations sheet with your stats before and after the item change; whichever setup gives the greater result is better. If Haste were present, one could perhaps try adding a (1+H) factor to Eq. (7), and maybe neglect both Borrowed Time and the extra mana needed to sustain higher output with increased Haste as they partially counteract one another.
All in all simple analytical solutions can only take you so far when Haste and Spirit are considered; while rough approximations for their value can be produced, the equations required for greater accuracy are better suited to numerical solution (i.e. SimulationCraft). For example, a possible, simple way to get a weight for Spirit could be to look at the extra mana available due to an increase in Spirit, relative to that already available. If Spirit is 'W', then with an increase of 'dW', for a fight of 't' seconds in length, this relative increase (RI) would be,
RI (W) = 0.412207024*dW*t/(160000 + 640*t + 0.412207024*W*t)
Note that the denominator would need to be modified to include extra sources of mana, such as Power Word: Solace or mana potions. While this does give you an indication of how much additional mana you'll have available, relative to what is already available, the question is then how will that mana be spent? Or, will the extra mana even be needed? That's where everything gets complicated.
Hamlet's done good write-ups on Spirit during MoP and also looking forwards into WoD. They're a good read to try and get a sense of the value of Spirit. The latest is:
http://iam.yellingontheinternet.com/...nt-and-future/