Wow, my name was mentioned!
I am becoming a dwarf titan

just not a very tall titan..
I just calculated the points, 1999.
Just like Kuffy, I'd take a dwarf lord over the rune lord, so I'd advie you to drop the runelord ( frees up: 321 pts ) and swap the spelleater rune on your runesmith with the Master rune of Spellbinding. The +1 is more handy with so many dispelldice than that 4+ chance.
321 pts left, that should buy you a nice lord. I'd recommend keeping him cheap and rock hard, like this:
Lord
shieldbearers
rune of stone
great weapon
Masterrune of spite
226
And incidentally ( wasn't on purpose at all ) you then have 95 pts left and I always have a el cheapo thane in my army of 94 pts. Lovely isn't it?
Thane
Master rune of gromril
Great weapon
94
The other option for this guy is to make him the BSB, he won't be very protected though, better keep him safe, maybe in the lord unit.
Thane
Battle standard
rune of stone
95
So then you will have an army of 5 blocks, 2 warmachines, 2 anti magic heroes ( and not bad at combat either ) , a BSB and a lord.
They are generating 7 dispelldice, 2 scrolls and +1 to dispell. This should be sufficient for anything below 2000 pts, except the really magic heavy armies like Tzeench daemons or VC, and those too will have a hard time getting many spells off.
You can either deside to leave it at that, or add some more missile troops. Because the dwarfs are as slow ( and tough ) as a rock you might want to remove one unit of warriors. And yes, you can do that, because when you have a dwarf lord he allows you to have 1 more unit of longbeards than warriors.
205 pts to spend. You wanted and 'old' army, do you consider thunderers as 'old'? You can choose. An idea would be to take 10 quarrelers with shields ( or great weapons, it works good for flanking enemies when they get close to your line and are fighting your blocks. ) and have 85 pts left for extra runes here and there.
Maybe you want to use those points to make an army standard of doom, the rune of slowness maybe ( - D6" to an enemy charging them ) or rune of Grungni ( 5+ ward vs missiles )
Removing the warriors for missile troops ( maybe a cannon with RoForging and boltthrower with engineer ) is up to you and how you want to play, I would advice it, the warrios are a bit of a 'weak link' in your battleline with Ws4 and Str3, but they are still a lot better than most enemy infantry. But I would advice you to go with the dwarf lord and minor thane/BSB, it will boost your line considerably and give you ld 10!
I hope I helped
