Alright yet another supposed thing that was "taken out" is still in the game, and here is how you do it. Equip your catalyst in one hand, and here is the important part binoculars in the other. Viola you can now manually aim spells sorcerers thank me later, and get to vaporising enemies in style. Also good trolling with invader that don't know you can do it lol.
So it works with sorcery, and I am guessing lightening, but I am not that far yet. Haven't tried it with pyromancy yet, but it probably works with that as well just don't expect to hit anything outside of 20 feet.