I'll be using a rubber band on my controller personally and get my KD down a bit further before D2.
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That is a very good question :) Starting today and going on for the whole week, my loadout will be something like this: I'll always try to carry a BR and either dual Plasma pistols or have a Plasma pistol and a Magnum. For close quarters. For long range engagements I'll use either a Sniper or a Beam rifle, for the jackal snipers and far off Elites. Also, I'll try to keep as many marines alive as possible, so I can arm them with either a sniper or a rocket launcher in the Warthog or the Scorpion tank. That's about it for my strats during this Iron Banner.