I'm going to have a go at creating companies to match my VSF armies. First off is the Cephalids. I've never actually played IHMN, so you all exposing any pitfalls would be appreciated.
Updates:2014-04-14 - Latest Cephalids are here:
http://leadadventureforum.com/index.php?topic=65627.msg794087#msg794087First off are the Cephalids:
I tried to stay within the spirit of the War of the Worlds book.
For the smaller troops I just assumed their hoverdisks were like walking on foot - any advantage is reflected in their speed bonus.
These are weak creatures outside their shells, so their FV is very low.
The larger troops I used the translocational spring thingy as a template for their hoverdisks ignoring terrain, and I handwaved the ability to transport a 4-hand weapon. I stayed as close to the prescribed points as I could and made conservative changes where necessary.

Cephalid Leader 55pts
FV:+0 SV:+4 Pluck:3+ Speed:+2 Armor: 9
Weapon: Heat Ray
Range: 5" Bonus:+2 Pluck Mod:-1
-Magneto-static repulsor (armor)
-Heat Ray - per Flamethrower, single target only, half cost.
-Leadership +3
-Mesmerism 12" range, movement phase,IHMN p32.
Cephalid Bodyguard 28pts
FV:+0 SV:+3 Pluck:4+ Speed:+2 Armor: 9
Weapon: Arc Rifle
Range: 18" Bonus:+1 Pluck Mod:-2
-Magneto-static repulsor (armor)
-Impervious - cannot be affected by mystical talents.
Cephalid Soldiers 17pts
FV:+0 SV:+2 Pluck:5+ Speed:+2 Armor: 9
Weapon: Arc Rifle
Range: 18" Bonus:+1 Pluck Mod:-2
-Magneto-static repulsor(armor)
-Arc Rifle - All targets are armor 7, 1 turn to recharge unless within 8" of Arc Generator
Cephalid Heat-Gunner 56pts
FV:+3 SV:+3 Pluck:4+ Speed:+0 Armor: 10
Weapon: Arc Cannon
Range:24" Bonus:+1 Pluck Mod:-3
-Cavoritic Hoverdisc - Ignores difficult terrain
-Arc Generator
-Arc Cannon - All targets are armor 7, 1 turn to recharge unless within 8" of Arc Generator
Cephalid Smoke-Gunner 55pts
FV:+3 SV:+3 Pluck:4+ Speed:+0 Armor: 10
Weapon: Smoke launcher (per flamethrower)
Range: Bonus: Pluck Mod:
-Cavoritic Hoverdisc - Ignores difficult terrain
-Arc Generator