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So the codex entry states the Furioso trades his wargear in for a hood, and fist with storm bolter to become a librarian.

Does that mean he cannot further take the magna grapple (among other wargear)?

According to the GW FAQ the answer is NO. Not even a Searchlight.

http://www.games-workshop.com/MEDIA_CustomProductCatalog/m1240365a_FAQ_BloodAngels_2010.pdf

Rules as Written it is unclear.
Rules as GW House Ruled, No.

Thems the breaks.

Thanks guys.