Take it or leave it, here's the list with a few tweaks of mine:
Honsou3 Iron Warriors 1500
HQ
Lord - MoCU, furious charge, twin lightning claws, terminator armor, bionics, resilience = 150
7 Chosen Terminators - MoCU, furious charge, 2 reapers, 2 powerfists, 1 chainfist = 338
Elites
2 Obliterators = 140
Troops
8 CSM - MoCU, lascannon, plasma gun = 145
8 CSM - MoCU, autocannon, plasma gun = 140
8 CSM - MoCU, infiltrate, 2 meltaguns, AC w/ powerfist, t.homer = 197
Heavy Support
Basilisk - Indirect = 125
Defiler = 150
Predator - Autocannon, heavy bolters, extra armor = 115
Total
1500 points
Didn't end up changing all that much, just a few things here and there. I think most anyone would tell you you're insane to take 8 terminators with the clear intention of deep striking them in, weathering a storm of fire and then hitting combat. Well, I agree, but I like it and it's totally ballsy and awesome 
- so much that I pumped even more points into them! You said you're up against dreads and such a lot, well then a chainfist should be just the thing to ruin their day a little more (and 3 more powerfist attaks on the charge hurts anyone). The reapers are in there so that a) on the turn you drop you can trash an enemy squad way more effectively than just pittering it with combi-bolters; b) you can hurt rear armor on most all vehicles you meet backfield; and c) you can realistically deploy the terminators on the board (what about missions with no deep strike?) and provide some real firepower as you move up into assault / counter-assault.
The other change was to give all of your CSM MoCU. This is partially a personal thing - if most of the army has it, why not all? - that makes for a 'cleaner' list, but you have so few squads that having those 2 squads stick around is going to be worth the 16 points. I also wanted to do something for your vehicles, like mutated hull or indirect on the defiler, but couldn't find the points to do it. Extra armor on the pred was the best protection I could manage.
And all of this at the cost of just 1 oblit.
- Boss Salvage
- so much that I pumped even more points into them! You said you're up against dreads and such a lot, well then a chainfist should be just the thing to ruin their day a little more (and 3 more powerfist attaks on the charge hurts anyone). The reapers are in there so that a) on the turn you drop you can trash an enemy squad way more effectively than just pittering it with combi-bolters; b) you can hurt rear armor on most all vehicles you meet backfield; and c) you can realistically deploy the terminators on the board (what about missions with no deep strike?) and provide some real firepower as you move up into assault / counter-assault.