honestly in FF5, besides getting extra hp/mp, leveling up does very little for the characters. It's more about getting ap for abilities that you can learn from classes. In any case around this part of the game I think I was about level 30 or so but it shouldnt matter too much.
For the boss battle, if you don't have a summoner by now you should switch a character for summoning. When the battle first starts, have the summoner cast Golem. Golem will absorb a LOT of damage for your entire party. After that, have the summoner hit the tree segments with Titan. Titan does a lot of damage to 3 out of the 4 segments, and once you get a couple parts taken down the battle gets much easier. After that just bash the 4th segment to death and you can get the easy victory.
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