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Hello, I've started a GK army and while waiting for some spare money (with things like the release of Space Marine getting in the way) I decided I should get an idea what kind of army I want to play!
So, I wrote up two lists for the most commonly played points values in my FLGS. While they are meant to be fun, I also want to make them effective and here I need help ;D

Anyway, let's get to the lists:
This list is very basic: walk across the table, and shoot everything, then slice and dice. At this points level I'm considering using Strikes or henchmen.
Grey Knights 700 pts
HQ
Librarian Might of Titan, Shrouding, Sanctuary, Warp Rift, Warding Stave
195
Troops
5 Terminators 1 MC DHammer, 1 Psycannon, 3 Halberds, Psybolt Ammo
250
5 Terminators 1 MC DHammer, 1 Psycannon, 3 Halberds, Psybolt Ammo
250
695 pts

And this here list I think will be very, very fun, even if not always effective. Of course the main idea is lightning-fast attack, with the Librarian and Techmarine flying with Termies in Stormravens at the enemy and the DK teleporting in 1st turn and causing a mess in the enemy lines. The lack of scoring units, as in the list above, concerns me, so I'm open to suggestions.
Grey Knights 1500 points

HQ
Librarian Might of Titan, Shrouding, Sanctuary, Warp Rift, Warding Stave
195
Elites
Techmarine 132 Nemesis Warding Stave Storm Bolter Psybolt Ammo
Troops
5 Terminators 1 MC DHammer, 1 Psycannon, 3 Halberds, Psybolt Ammo
250
5 Terminators 1 MC DHammer, 1 Psycannon, 3 Halberds, Psybolt Ammo
250
Fast Attack
2x Stormraven TL MM TL PC 205
410
Heavy Support
Dreadknight PT HI NGS 260

Thanks in advance for all comments and critique!

why not drop the librarian warding staff and heavy incinerator and take two librarians instead?
psybolt ammo is kind of a wash , you are paying 5 points a model for it

I mean the 2+ is nice but isn't
maybe drop halbards and take some falchions with qucksilver to increase lethality of the terminators?

Here is how I would change your 700pt list.

It gives you an extra Hammer, Psycannon, and Stubborn. Also, the Termy loadouts are shifted so you don't lose your Hammer and Justicar to the same wound. I almost took a servo skull over the MC Libby weapon but then I realized...if they scout forward...that's good for you!

-Librarian (MC Sword; Might of Titan; Sanctuary; The Shrouding)

-Ordo Malleus Inquisitor in Terminator Armour (Nemesis Daemonhammer; Psycannon)

TROOP
-5 Grey Knight Terminator Squad
---1 Terminator Justicar (Halberd)
---1 Terminator (Psycannon; Halberd)
---1 Terminator (Hammer)
---2 Terminators (Sword)

-5 Grey Knight Terminator Squad
---1 Terminator Justicar (Halberd)
---1 Terminator (Psycannon; Halberd)
---1 Terminator (Hammer)
---2 Terminators (Sword)

700/700

@Grundz
Well, the main reason is if I took two Librarians, one model would have to footslog because there'd be not enough space in Stormraven. Dropping the halberds is a good idea I think, and psybolt ammo probably really is unneeded but I'm still open to suggestions. Dropping the warding staves doesn't look too good to me because I don't want to be reduced to just a 5++ in CC, so that may be just me being too cautious. But please prove me wrong
@Ductvader
This list looks quite nice and thanks for explaining the changes too. Now I need to convert an Inquisitor, so that's going to be interesting. Switching the hammer to a normal Terminator is probably a good idea to make sure I don't lose him to Perils too.

If you ever need GK terminator advice...I am your man. GKs are a Terminator army...have been since they were Daemonhunters and I am starting to get really good with them.

Malleus Inquisitor was also chosen just in case you wanted the option of deepstriking everything.

I still need some more comments on the 1500 pt list, so... Bump of Bumpiness!
@ductvader
That's nice to know