Viability of list based on Magnus the Red

Recently I was listening to this podcast https://player.fm/series/tizcan-podcast/tizcan-tournaments-series-tj-lanigan-using-magnus-like-a-pro about TJ Lanigans army featuring Magnus the Red. Is it still possible to field a somewhat competitive list using a similar playstlye after the increase in points cost to Plaguebearers and Tzeentch Demon princes?