For Epic Hero 5, you need either more heroes or at least one more unit slot for each hero. Also, I think that when you level up a spell, the mana cost should go down as oppose to up. And lastly (and most obviously) the A.I. really needs improving, especially with the brain-dead pixies, they just charge right off into the middle of combat sometimes (try using pixies on level 8, you'll see what I mean)
Just for those who are wondering, to beat the second campaign you have to beat 9 of those "fearsowers" so you can get a fragment of the journeyman's stone from each one. After you have 9, just go to your inventory and drag the fragments onto a character. Then you'll fight the final boss.