I figure that Nicodemus was meant more to be used in narrative or Game-mastered campaigns than regular play, so the power level wasn't exactly a problem...
But yes, VK's right that a lot of Mordheim content isn't really integrated, especially given the number of variant settings & timeframes, & additional warbands. Oh, & the sheer number of house rules different groups used, some of which make it into the articles they submitted to Town Cryer -- as I recall, one article blithely mentions 'Fame Points' as if that's something we all know about...
In practise, VK's judgement of saying Nicodemus can't work for 'monstrous' warbands (like skaven, undead, orcs or beastmen) works. I'd say he could also work for (good) elves or dwarves, but not for Witch Hunters or Sisters of Sigmar, on account of him being a filthy witch.