Brometheus wrote: Best Warlord (Highest battle points, tournament winner, etc): Winning this tournament allows you to select an additional Warlord Trait every time you play at the store, including future tournaments.
It's the 'future tourneys' that I think is slightly problematic. Even my store's regulars miss a month here and there. Plus, there's your book keeping ... might be as simple as a note book that stays under the counter next to the receipt tape.

Plus, getting stuck with Night Fight expert is gonna nag whereas some other guy gets Conqueror of Cities or the 3 unit Infiltrate.
I like the add'l trait part, but I'd have the players roll again for each new game. That would eliminate the book keeping (a lot to do in addition to a
TO's already heavy load).
Brometheus wrote:Best Painted Warlord (judged by store owners and other painters in the store who do not play or even know the participants!): What should this prize be? Something from store? Gift card?
Store cred & Gift Card amount to the same thing?
You might provide on-line guide lines.
Brometheus wrote:The overall idea for this small 1000pt tournament is to encourage people to strive for things other than 1st place
A good idea to help cut-throat guys (like me) to balance out by giving the hobby aspect more love.