Before everyone screams "no", here are the buffed stats as I've worked it out (lich faeling, at night, with geburah):

Strength: 12
Dexterity: 18
Constitution: 10
Intelligence: 19 (I consistently have a knowledge blessing)
Charisma: 18
Size: 1

I'll soon have the credits for a dagger of reincarnation, but I'd prefer to not waste credits on what I perceive as quite a useless artefact, but rather save up for a changeling cameo. Thoughts?

I would prefer going Aslaran or Loboshigaru (their combination of stats makes them awesome for deepwound strength and severity rate) with a good pair of fast rapiers instead. They aren't as frail as a Faeling (in the Lobo's case thats a huge understatement) but they aren't quite as fast either (and to be honest the difference between L2 (aslaran) and L3 (faeling) speed when you have fast rapiers isn't that much).

If I switch races at all, I'll be going human or viscanti, as they're much more closely incorporated into Iblis' roleplay. I already have a pretty good pair of broads (both 170+ damage) and I'll soon be acquiring two excellent scimitars, but I'm basically trying to save up credits.

Ok i went through this when i was a Serenguard, and a little as a Paladin. It sounds good on paper, but when it comes down to it from what i have noticed fighting faeling warriors and what soem have said. You just can't take a long battle at ALL meaning if you can't end it in about 5 rounds your dead. So really if you want speed go aslaran. Bashing I would say Lobo. That RP stuff whatever that is i guess Viscanti.

Faelings are actually tankier than aslaran due to sipping bonus and high int.

However, you need to be a shadowlord faeling for it to work. I've been both.

At the end of the day, aslaran has more strength, the speed is similair and you will not have a decent offence as a faeling, you won't wound for much at all.

By all means try it, but you'll have a tough time getting wounding afflictions even with that Dex. Go aslaran is my professional opinion