We sure do.

Usage:    cast 'magic missile' <victim>
          cast 'magic missile' <direction> <victim>
Duration: Instantaneous
*
Causes a bolt of magical energy to be thrown from the casters' hands at the 
victim, causing damage. The amount of damage being done depends on the 
percentage of mana the caster still has. The higher that percentage the more 
damage.
* 
Trainer: 
Mage & Priest Guildmaster - Medieval Dimension - Olde Yorke

You want high armor, low AC. Armor affects the special armor stat on worth, armor on equipment is distributed accordingly to its armor slot on worth. AC affects AC-apply and the lower you are the less damage you take. However, for every -1 AC you get -2 speed. So the choice is yours whether you want to be fast, or not take as much damage.
High Armor is good and Low AC is good.