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obviously you wouldnt use them in a game less than 2500 (you could do it at that pt lvl though, if u use them well)
That's the thing that makes them unusable in a lot of tournaments (ie. GT even plays just 1500 and that's 375 in allies, not enough for a Dragon, not to mention the Council). From 2k onwards I could find a lot of things that will make the council not that good (a formation of 48 goblins which gets 2 companies into combat has 28 attacks wounding on 5s, so that's an average of 3 dead wizards, and for the price of the council you get 25 companies of goblins (in say 4 formations of 6). Obviously there's the support that council gets, but it burns so many points that unless you have a big point sink as well (like a Balrog) which they easily counter, then you shouldn't have many problems.