-ASAP rush it, jayce can't spam mana early game because then he'd be forced to go into hammer form to AA for mana, which makes you susceptible for harass. If you read the description, once you build a muramana, you get stacks of mana PER AUTO ATTACK. It makes stacking much faster, which allows you to get mana and atk dmg faster.
- This is situational, upgrading it gives you +8 mana per expenditure, unlike +4 from tear but the cost to upgrade is pricier and the return isn't big. Lets say I've been in lane forever and jungler keeps giving me blue, I have 500+ stacks and enough gold to complete it, I probaby will. But chances are im going to buy other things when I go B and complete it after I finish my rabadons