The list came up against Dobbsy's Space Wolves (v2.2) and lost 3:1.
Space Wolves: Blitz, T&H, BTS
Black Legion: T&H
Learnings: I probably teleported the terminators down onto the wrong table edge. I placed them in front of two great companies, and then lost the initiative
Space Wolves were then able to shoot and clip the Warlord formation with 6 out of 5 5+MW supporting hits finishing off the formation. The 2nd Terminator formation did get to charge and managed to kill enough units to place on 8 BM, yet was then itself wiped out on the 2nd round of combat. It was hard seeing a formation of Marines running around with 8BM and not yet broken I will get used to it however 
Other than that, I learned that if you are going up against the Space Wolves, just clip them. They are too numerous to go toe-to-toe with. Either that, or if you can, hit them hard with long ranged weaponry.
The only concern with the BL list so far was how easily I lost the Warlord and the BTS formation. Possibly a later teleport, or into a less hostile area is the way to go.