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while it is a huge point sink I personally REALLY like slaanesh DP geared like this

DoS
flight
greater - lash of despair
exalted - eternal blade
mastery level 3

it comes with a risk, 320 points and you want to get iron arm to be immune to insta gib weps. but ML3 has yet to not provide iron arm for me. Lash is 2d6 str 6 shots at bs5 (without iron arm) or 2d6 str 7-9 (with iron arm)

Since it is 12" range you will usually be within charge range and doing 5 +1 (charging) + d3 (eternal blade) = 7-9 attacks. or if your lucky and got both iron arm and warp speed add another D3 attacks so 8-12 attacks on the charge. all at ridiculously high WS. all at +1 str on top of iron arm which will be 8-10 (who needs to smash!! lol), all at ridiculously high init. and thanks to slaanesh daemon all with rending

Add to all that the fact that you will likely have a shooty psykic ability to try and weaken the target further means this guy is a beast.

Again this all mainly depends on getting Iron Arm for EW. Which is not a given. w/o iron arm the prince is still VERY effective just has to be more aware of instant death weps.

Wondering what your thoughts are for vs Nids? Specifically Multi Flyrant + Tervigon spam lists. Soul Grinders can get skyfire yes, but vs Flyrant is not that impressive. if you take 3 you can possibly cause 3 grounding checks per turn. with a 3+ save to not fall out of the sky, 3 hits is pretty lackluster. other options are DP with some form of ranged weps, GD with some sort of range. Heralds with some ranged gift. or psykic shooting.
First- Personally I like Slaanesh DP with lash of despair but the 12" range means I am inside his shadow of the warp thus making my subsequent turn psykic tests a 50/50 fail chance. Also a vector strike if you manage to fly over him.

Second- GD Bloodthirster shines here as he (like the Slaanesh DP) can take a pretty nasty shooting attack and is also flying. Does not care about shadow of the warp. and can vector strike.

Third. Heralds with gifts. not entirely sure how effective this one is because lists I have seen usually go with 1 lesser for the Eatherblade swap out. Heralds with psykic shooting powers also suffer even more from shadow in the warp with their lower LD.

Lastly we have our "shootie" troops Pink Horrors. Most armies do not worry too much about FMC because they can ground it threw weight of fire. Pink horrors are going to be denied their shooting most of the time. and if they DO get to shoot chances are your going to give that flyrant FNP. Bravo...

Personally I run Dual god Slaanesh/ Nurgle builds. These observations came out of a game I played last saturday with my friend using one of my Slaanesh/Nurgle lists while I played for the first time a Nids army that another one of my friends has. I had never played vs nids using the new daemons. my other 2 armies, orks and necrons, do not use psykers.
I (playing a 2 x dual TL dev flyrant build) ended up tableing my CD list by turn 3 with the flyrants killing nearly 2/3 of the army by themselves.

To be honest the player using my daemons did not use them well. But most of my observations were from the perspective of "what would I do" and sadly I did not see many options.

Agreed that was another point I forgot to make. Shooting at Flyrants with horrors is even worse than 50/50 because they have a DTW save that can negate the hit BEFORE it takes the hit. at least a gun can knock it out of the sky even if it makes its armor save.