I don't really have any fixed teams as such. Mostly I just pick and choose whatever suits the challenge at hand. I can show off what you'd see if you got my defence team in the Arena, though:
Probably pretty easy to beat when they're under AI control, but they get me my defence wins each week, so whatever.
Sigurd might be tricky because he's one of, if not the best tank in the game. If you don't have a blue on your team, you're not going to have a fun time dealing with him. Even then, the guy can tank and survive
The Reinhardt (+10, +atk, Death Blow, etc), so just having a blue mightn't even be enough.
Titania is currently being reworked, but she still does a decent job of disposing of any non-red magic threat that goes near her. If you bait her with a sword she goes down pretty easy, though. As for how I'm reworking her, I have a +atk -HP one lined up for merging (this one is -def), then I'll stick a +def or +res refine on her axe, Dull Ranged in B, and the Quick Riposte seal. Dunno how well that'll work for the arena, but I doubt anyone will expect to see Dull Ranged show up on anyone, so it might work because of the element of surprise.
Leon... just throw a mage at him or something. If you let him initiate on you, though, there's a chance you'll activate his Escape Route, and that can get pretty nasty. At least, that's the theory behind it, no idea if anyone actually ever falls for it.
Fjorm is just there because I wanted a blue and she does the job well enough with her base kit. You can tell how little I care about the blessing system by how none of the other units on this team have a water blessing. She'll probably get rotated out next week for the next bonus unit.
If not for the restraints the arena puts on team-building (can't use too many ranged units or they'll tank my score, so fun stuff like Wind/Watersweep Felicia are out unless I put more merges on her), I'm sure I could come up with something much nastier, but this works well enough for now.
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Moydow liked my bike?
Did I really do a good with that character?
I think it's an interesting idea. Not something I would have thought to do with him since I usually reserve that kind of setup for Falchion users and Arvis, but I can see it working out. Renewal is pretty nice on units whose main job is soaking up damage, and pairs well with Quick Riposte too. I might borrow the idea and try it out for myself at some point. :p