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This list is more built upon modeling opportunities rather than effectiveness, but I would like it not to get smashed when I play. There a few things I really want with the list, one being no vehicles or bikes. I realize this creates mobility problems, so I have included the dual Lash HQs to help. I also would like to keep at least 4 Obliterators, and at least one units of daemons (despite their not so great strategic value). I also would like to have some termies in there, but could be talked out of them. On to the list I have:

HQ1 - DP + MoS + Lash of Submission + Wings + Personal Icon = 160

HQ2 - Sorceror + MoS + Mount + Lash of Submission + Personal Icon = 160

E1 - 6 Terminators + Champ w/ Lightning Claws + Reaper + Chainfist + 3 Combi-Bolters = 270

T1 - 10 CSM + Lascannon + Plasma + Icon of Chaos Grace = 185

T2 - 10 CSM + Missle Launcher + Plasma + Icon of Chaos Grace = 175

~T3 - 14 Lesser Daemon = 182

FA1 - 6 Raptors + Champ w/ Lightning Claws + 2 Plasma Pistols + Icon of Khorne = 220

HS1 - 2 Obliterators = 150

HS2 - 2 Obliterators = 150

52 models and I have still 48 points left.

Any C&C would be welcome - thanks.

I dont know about your modeling opportunities.....but here we go...

I would pick two lash deamon Princes with wings...together the got a lot of punch...The sorcerer doenst count for VP... You could get a sorcerer-terminator with Lash and attach it to the terminators...this is great for plasma rapid fire. (Deepstrike-Lash them within 12 inch).

Terminators are good...but I would rather pick a mark of slaanesh instead of the extra lighting claws..let all power weapons strike with I5... Then I would give the champion the chainfist because he got an extra attack. When facing a vehicle in CC its better to have 3 attacks instead of 2.This way you got more chance to hit a moving vehicle.

Lesser deamons: well you said it yourself...

Raptors are not bad...but its only six of them. I would keep them simple and use them to tie up enemy units. you got terminators,deamon prince(s),even Obliterators to counter charge if neccesery. for 220 points you can have 11 raptors...think about it.

If you got Heavysupport slots open then divide your obliterators (2obl+1obl+1obl).

Alternately:

HQ1 - DP + Wings + Warptime = 155
HQ2 - Sorceror + Termie Armour + Doombolt + Personal Icon = 125

E1 - 8 Chosen + 2 Plasma Gun + Champ w/ PF + Icon of Chaos Grace (IoCG) = 220
E2 - 6 Termies + Reaper + Chain Fist + Lightning Claws = 230

T1 - 6 CSM + Plasma + IoCG = 115
T2 - 6 CSM + Plasma + IoCG = 115

D1 - 10 Daemon = 130
D2 - 8 Daemon = 104

FA1 - 6 Raptors + Champ w/LC + 2 Melta + IoCG = 190

HS1 - 2 Obliterators = 150
HS2 - 2 Obliterators = 150

1693 points, 56 models.

How about this one?

The tacticals should be able to deliver the Daemons close to the enemy front ranks.
Therefore, I'd mount them into Rhinos.
Termies would benefit from combi-plasmas. Drop the lightning claws as they better should keep the enemy at arm's length.

I realize Rhinos would benefit the daemon summoning, but in my original post I mentioned that I would not be using any vehicles with this list.

Yeah, but then only infiltrating Chosen, deep striking Termies, and Raptors can deliver them close to the front ranks of a shooty opponent.
The Chosen might get shot to bits in round 1 (or 2 if the opponents has 1st turn), the Termies can summon the Daemons in round n+1 if they appear in round n, n>=2, and Raptors also need to be close enough in round 1. It might work.
Finally, the two 6 men CSM squads are just there to fill the troop slots but they are not really effective.