Are you looking for this? http://forum.feed-the-beast.com/index.php?threads/39717/Agreed. Blood magic is hugely overpowered. Everyone will mention "cost of getting there", but it still makes things trivial at that point. The cost is very disproportionate to what you get in the end.
BM is IMO almost perfectly balanced. The only issue I have is death spam for blood, which is currently being fixed. The rewards are great but at the point where you get them you have probably spent weeks working and tinkering on a black reactor and that's after all the time both getting to the point where you can start BM and to the point where you can automate LP production. Also the whole "disproportionate" argument fits neatly with these lines https://yourlogicalfallacyis.com/the-fallacy-fallacy and impressively also within these http://grammar.about.com/od/fh/g/Glittering-Generality.htm.
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