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I was trying to come up with an all comers nurgle list.

Chaos Lord - 135
Mark of Nurgle
Chaos Bike
Murder Sword

Plague Marines x5 - 185
Plasma Gun x2
Rhino

Plague Marines x5 - 185
Plasma Gun x2
Rhino

Plague Marines x5 - 175
Meltagun x2
Rhino

Chaos Cultist x10 - 50

Heldrake - 170
Baleflamer

Heldrake - 170
Baleflamer

Chaos Bikers x3 - 108
Mark of Nurgle
Meltagun x2

Obliterator x2 - 152
Mark of Nurgle

Obliterator x2 - 152
Mark of Nurgle

It is currently at 1482. So I have a little room to play on wargear but not much without major changes. I havent bought anything yet, so I can still do that though.
Now, I feel like the rhinos are out of place as the only tanks starting on the field, but I needed a way to contend objectives on the other side. I am not sure I need the cultists but cannot get a 4th plague marine squad to sit at home. And I am not sure about the murder sword. AP3 has me worried because that squad would struggle against termies but could hold their own against other things. They arent to be confused with a dedicated CC unit, but being able to handle some CC is nice. The other thing I am not sure of is if I really want the melta in the 3rd group of marines. The range is so short I feel that the obliterators or bikes would be able to handle that duty.

Solid list.

Assuming your lord goes with the bikers, I can only suggest to put some more wounds around your biker lord. His squad will be focused for slay the warlord and he will die the way it is currently.
If you want to add more bikers, you could remove the cultists and add two. Three troops, and good solid troops like the PMs, should be enough.
You could remove him from the squad altogether and stick him with a squad of plague marines. If you do, you might want to consider adding a combi melta to your biker champion and use that squad for fast vehicle removal.
Alternatively, 2 drakes in 1500 pts tends to be overkill and you could drop one and add more PMs or bikers.

Also I strongly recommend VotLW for Oblits.

PS Definitely Plasmas on the 3rd PMs, you wont ever get them within melta range.