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HQ:

[145 pts] Chaos Lord - MoT, Daemon Weapon


Troops:

[254 pts] (3) Thousand Sons Squad - Aspiring Sorcerer, Doombolt, (8) Rubric Marines
(1) Dedicated Rhino - Extra Armor, Havoc Launcher, Daemonic Possession, Twin-Linked Bolter


Any thoughts on it, or ideas on improvement, all comments would be helpful

You don't really have any antiarmor weapons, so I would suggest switching doombolt on all squads for bolt of change. I would also suggest that you remove the chosen squad, your lord will be much safer in a thousand sons squad. You could also consider switching your lord for a daemon prince with wings and warptime, only 10 points extra compared to the lord.
If you're ok with breaking your theme abit, I would add 1-2 obliterators, just to get some long range weapons, or naked predators, something to act as a diversion and long range transport destroyer, thousand sons are abit like berzerkers except with range weapons instead of CC, so you don't wanna waste shoots trying to break open transports

So removing one rubric marine from each squad will give you enough to give every squad bolt of change with some to spare, and removing the choosen squad gives you some points for more long range support. If you wanna optimze the list even more, try to squeze in a rhino for each squad, just to up the mobility.