Right now it's not too great; Archaeon is OP but Varanguard are UP, and there are several really nasty ways to use Archaon that don't involve Varanguard. However, GHB2 is right around the corner meaning varanguard could get a point decrease and perhaps more importantly you will be allowed to declare everchosen allegiance and still bring 400 points of allies from other chaos factions.
So in other words; will most likely be viable a month from now.
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