I actually gave this kind of deck a thought and i think it'd be better to make the deck a little more infect. That would be easy with Ichorclaw myr and plague myr or necropede. A couple of infect creatures in play would end the game real quick. Also i'd like a Day of Judgement or two and a couple of Angelic Destinies. I think that would give the deck a good way to kill your opponent pretty quickly. Also Signal pest would be really good with painsmith and also with infect creatures, and Mentor of the Meek.
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Looks kinda cool. I'd use Inkmoth Nexus always, especially now cause of the painsmith. One more way to kill your opponent. I'd also consider dismembers, like instead of etched champions.
Nice deck! I'd cut Sorin to two and put a couple of Volt Charges instead. Although I've got a feeling there's gonna be something nice coming from Innistrad after rotation. ;)
So this is how my deck will look like, probably. :D Is there any sense in taking contagion clasps out? I only need to buy three crusaders and 2 praetors. I'm pretty happy with this right now.