power is manifested as if the creature had spent a number of power points equal to its manifester level, which may augment the power to improve its damage or save DC. However, the creature does not actually spend power points for its psi-like abilities, even if it has a power point reserve due to racial abilities, class levels, or some other psionic ability."
There's room for interpretation on whether the bolded section also means other augmentations (on the defensive Psi-like abilities, for example); I read the intent of the rule as they can. Also, it says that the powers "are standard actions unless otherwise noted", however there are powers on the list which are immediate actions and only last one round (obviously an oversight of this last statement), so I interpret "casting time" of those powers as an exception (there's only like 1 or 2 of these if I remember, and they're defensive buffs).
Also, there's wiggle room in stating that the abilities from a template don't apply to the Magic-in-the-Blood feat, but I think its a weak argument.