That's a good question. First off, Frieza's special starts at 240 ArtsPower and increases to 260 in the 3rd Soul Boost tree.
The odd thing about ArtsPower is that, unless the devs changed DamageExpressions recently, there're no modifiers to modify ArtsPower factor directly.
It's quite possible that Bandai changed the formula recently, but it's just as likely that they just reused another part of the formula for "+50% to own Special Move Arts Power".
Given you only saw 16% increase, I suspect Bandai got lazy and just added 50% to base Strike / Blast Attack. You can simulate this by adding +50% to
base StrkA/base BlaA in the Damage Calc. Depending on the defender, it's quite possible that +50% base stats would only increase damage by 16%.