So I was messing around with my list, and I ended up taking the following on my Level 4 Sorcerer Lord:

Level 4
Third Eye of Tzeentch
Infernal Puppet
Necrotic Phylactery
Charmed Shield

The idea was to keep the character cheap to leave room for more units on the board. Then I realized that I had spent no more than 25 points on Gifts, and no more than 50 points on Magic Items.

Having the Third Eye means that a lot of the time, I will be using my opponents spells. So my thoughts are this: why not drop the Sorcerer Lord down to a Chaos Sorcerer? That way, I would save a whopping 150 points, and it would still do almost the same thing! Everyone brings some form of magic to the table, because it is so powerful, so why can't I just use theirs?

There are some cons however. This way, if I play Dwarves I wont do nearly as well in the magic phase. Only plus 2 to cast, rather than plus 4. Only two wounds against three, and only two attacks against three. But are all of these things worth the 150 points that would be saved?

What are peoples thoughts on this?