Edit: Diagnosis isn't quite right; see next comment.
When I include magic-latex-buffer in LaTeX-mode-hook (whether at the end or beginning, doesn't matter), the result is what I expect that MLB works its magic in the right a few places, and the rest of the highlighting is left alone. On the other hand, without MLB in the hook, if I open a file and then activate MLB manually, the highlighting changes drastically (e.g. highlighting all commands indiscriminately, removing the highlighting from command arguments, changing the colors of sections, etc.).
In the screenshot below, the left column shows the "stock" highlighting without MLB. The middle one shows the result when MLB is included in the hook. On the right is the undesirable result I get upon manually activating MLB. (I also get this result if MLB is in the hook and I manually toggle it off and then back on.)
For what it's worth, my LaTeX-mode-hook looks like (spacemacs/load-yasnippet smartparens-mode evil-matchit-mode mjk-latex//LaTeX-mode-hook turn-on-reftex magic-latex-buffer TeX-PDF-mode TeX-source-correlate-mode LaTeX-math-mode TeX-fold-mode latex/auto-fill-mode spacemacs//init-company-LaTeX-mode company-mode). This does not seem to be a Spacemacs-specific issue, but I can try it on a vanilla Emacs.
