The @Rad_heim group ran a couple of Mordheim tournaments, purely as an excuse to see what we could do with a warband if we didn't have to deal with deaths and injuries all the time. It was interesting, but quickly became apparent that this gets super unbalanced. I think the warband that took a super Vampire won it each time. Nothing could bring that thing down, and scenarios aren't really built around tournament play either.
In the end it was a fun afternoon, and great motivation to finish a warband, but didn't overly excite me. It takes all the parts of Mordheim I find fun and combines it with a kind of Win At All Costs mentality. So there weren't many fun parts left for me in the games. Building and painting the force was great fun though.