what exactly are the alchemy spec bonuses and what is the best for money? Im guessing most people are elixir spec for flasks as this realm is mainly pve at least on horde it seems
and some transmute spec for an easy gold but RNG dependant
Im guessing pot master wont really work until you discover goodies like potion of speed?
If you want ot have 10 alts with alchemy - go for transmute master on all of them and do dailiy transmutes on all of them. If its just 1 character i would say elixir master because flasks count as elixirs and you can get up to 8 flasks at once (i have heard some people did 10 flasks at once but i have never had it although i have been making flasks with elixir master for a long time)
Edit: There was a time you could buy all mats from AH and make spell power flasks(cuz 5 lichblooms you know) and still make profit, but i haven't tried it soon and i do not know the current prices of the materials.
If you are doing only gem transmutes, it's potion or elixier mastery, becuse you are not bounded by 20hour cooldown. But if you are able to utilize other transmutations, it can provide good income with less fighting over materials in world