I made some good progress on the balrog at the painting club Sunday. Mostly I worked on the "fiery interior/lava" effect. I'll post some WIP pics soon. Basically I had to paint the mane and shoulders white, then paint in the recesses of the cracks and the mane with yellow. I followed that with a thinned, semi-transparent orange. The real pain is going back and repainting the surface with black. I also freehanded some "splits" in the wings to show lavafire peeking through. Once that's all done, I'll probably get to work on the firesword.
I still need to find a good solution for the Watcher's tentacles, too.