Here is my illusion deck, I'm about 2 spells from it being complete: http://www.mtgvault.com/ViewDeck.aspx?DeckID=208026
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Phantasmal dragons are very scary when they come into play with a few counters on them. I think the aggro part of your deck is missing without the phantasmal bears and dragons. Also a levitation could make bears that are already coming into play with counters be flying as well. Redirect is a great spell for protecting your illusions/lords until you image a lord. I just don't see why all your creatures other than spellskites shouldn't get the lord buffs.