After some consideration and the feedback above I have come up with a new list. Still very based on what I already have painted (with a few new models I am working on). This is models and basic equipment only I have not kitted out characters and such yet. Currently clocking in at 4291, it leaves me with a sad little 209 to spend on upgrades so I'll probably need to trim some fat to squeeze a few more points in.
Dwarven Holds (BS2.0 Dwarven Holds) [4291pts]
DH Characters [915pts]
Anvil of Power [200pts]
Lords of Stone [370pts]
King [250pts]
Army General, Great Weapon [20pts], Shield Bearers [120pts]
Lords of Stone [170pts]
Thane [50pts]
Battle Standard Bearer [50pts]
Runic Smith [175pts]
DH Core [526pts]
Greybeards [526pts]
Champion [20pts], 23x Greybeard [506pts], Musician [20pts], Standard Bearer [20pts]
DH Special [1130pts]
King's Guard [630pts]
Champion [20pts], 22x King's Guard [660pts], Musician [20pts], Standard Bearer [20pts]
Seekers [500pts]
Champion [20pts], Musician [20pts], 20x Seeker [440pts], Standard Bearer [20pts]
DH Engines of War [550pts]
Field Artillery [270pts]
Cannon [270pts]
Field Artillery [280pts]
Organ Gun [280pts]
DH Core + Clans' Thunder [724pts]
Clan Marksmen [334pts]
Champion [20pts], 14x Clan Marksman [294pts], Crossbows, Musician [20pts]
Clan Marksmen [390pts]
Champion [20pts], 14x Clan Marksman [294pts], Guild-Crafted Handguns [56pts], Musician [20pts]
DH Special + Clans' Thunder [446pts]
Miners with shooting weapons [446pts]
Champion [20pts], Great Weapon [56pts], 14x Miner [280pts], Musician [20pts], Pistol [70pts], Standard Bearer [20pts]