A Tale of 5 Gamers - 40K

I'm taking part in a 'A Tale of 5 Gamers' for 40K. The idea is we all build a 1750 point army over 6 months starting with 500 points and adding 250 point blocks each month. At the end it we all take our new armies along to Fields of Blood, New Zealand's largest 40K tournament. I'm keen on doing a close combat orientated Space Marine army but haven't been able to decide what chapter (or codex) I want to use. I've narrowed it down to 2 choices:

1 - Flesh Tearers (Blood Angels Codex)

Pros

• The basic colour scheme is fairly simple, allowing me to concentrate on highlighting
• I like my idea of a skull painted on to the black helmet
• They look sinister even though they're supposed to be the good guys
• The new codex has some good stuff - Fast vehicles, Red Thirst, Death Company
• I like the idea of buffing units to have Feel no Pain and Furios Charge
• There is a readily available metal shoulder pad from GW

Cons

• I don't have the actual codex so haven't been able to play test lists before I make my decision, so i don't even know if I like the codex for sure yet
• They don't have the extra attack for Bolt Pistol+Bolter+CCW (which I really like)
• The colour scheme is fairly dark and doesn't really stand out

2 - Sons of Medusa (Space Wolves Codex

Pros

• I've played a number of test games with the codex and have a solid list that I really like
• Grey Hunters have 2 attacks standing still from Bolt Pistol+Bolter+CCW
• I feel the individual units of Grey Hunters are very strong in CC due to being able to take the Wolf Standard and Mark of the Wulfen
• They have Counter Attack
• Wolf Guard can be added to units, giving them considerable punch
• The Sons of Medusa paint scheme really stands out on the table

Cons

• The Sons of Medusa paint scheme is time consuming, requiring quite a few layers just to get the basic green smooth meaning vehicles are going to be a nightmare to paint
• Space Wolves lack some flexibility in that they don't have the Combat Squads rule
• Space Wolves can't take heavy weapons in their Grey Hunter squads meaning I will probably have to take a long Fangs unit for anit-tank and they're not scoring

Here are 2 test models I've done with the Sons of Medusa marine on the left. Let me know what you think.