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This is the latest list I've assembled what do you guys think? Will it hold itself on a competitive enviroment?

HQ

Chaos Lord - MoN, Chaos bike, LC, PF, Meltabombs, Blight Grenades, Sigil of Corruption, VotLW
Chaos Sorcerer - Lvl 3 sorcerer, Chaos Bike, Sigil of corruption, Power axe, Spell Familiar

Troops

10xChaos Cultists - 1 Autogun (had an extra point, why not?)

10xCSM - Champion w/power sword & meltabombs, 2x Meltaguns, extra CCW, VotLW
Rhino - Dirge Caster, Dozer Blade

10xCSM - Champion w/power sword, 2x Plasmaguns, VotLW
Rhino - Dirge Caster, Dozer Blade

7xPlague Marines - Champion w/meltabombs, 2x Plasmaguns
Rhino - Dirge Caster, Dozer Blade

Fast

8x Chaos Bikers - MoN, Champion w/LC & Meltabombs, 2x Plasmaguns, VotLW

5x Chaos Spawns - MoN

Heldrake - Baleflamer

Heavy

Obliterator - MoN

Total - 1,850 pts

I'm going for a in your face kinda list, with pretty much everything moving 12" or more on the 1st turn, holding the cultists, the oblie and the heldrake on reserve. The oblie probably looking to DS near some armor so that it can melta it. The non-CSM/Plague units should be in combat for turn 2 against w/e heavy firepower units the enemy has, leaving the 3 rhinos to safely disembark at rapid fire range and hold objectives.

It will hold it's own so long as that Lord stays in the Bike unit.

I think that any time you use a character to unlock Elites as Troops (PMs, in this case), it's a waste at 1500+ if you don't take at least 2 of said unit.

That Chaos Sorcerer is the perfect setup.. I'd probably drop SoC to put an 8th Plague Marine in.