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Which ring do you mean? Communication or Spellbattle? Communication ring can be a standard action to talk normally... or a swift action for 6 words.

As for the other question no. You only need to feel the power and need no action or visual aid to identify the spell if you pass the spellcraft. The first spells they cast were pretty obvious... fireball, fireball, evards black tentacles.

The next barrage was fireball, fireball and XXX where XXX depends on the result of your spellcraft.

Make the roll so I tell you what the spell is, in case it will make you change your action.