So far there are two respones with very different answers. This is what is so great with KBTL. There are a lot of different ways to play it.
I guess putting it in general terms what is great with the paladin class is that you can select the part you like the most from both the mage and warrior classes and mix them together in your paladin game.
There are also examples that the paladin can be played as a damage dealing mage. DGDobrev has an example where he played using only Black Knights and casting Armageddon every turn.
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