Wally isn't able to do that fast without consequences. It's not mixing Flashes as all he's already been absorbed into the speed force once hence why he was brought back form the "dead" in the lightning saga. When he "died" was when Jay lost his connection to the speed force and was no longer FTL and couldn't speed steal etc. He got it back when Wally returned from the speed force. it is a draw to all Speedsters in the DCU when they go too fast.
Alan Scot can only do the soloing Earth thing when out of character and the Starheart takes over. Usually he retains a little will to control the starheart. As such his feats are above a normal GL around I would say Silver Surfer Level. When he is fully possessed by the Starheart because he has allowed his rage out he would be closer to Galactus level. He's been defeated at normal levels by many things well below Odin level, he has also done well against powers close to that level. Again his character portrayal comes in to a lot of that. For example when his wife was taken by Neron to hell he was able to fight all the forces of hell. When his son was consumed by the darkness he sees and reaching his power limits ( which are also pretty damn high) he was able to take him down. Similarly he has shown incredibly driven power levels when his team mates are in danger. Most of these are emotionally driven ergo reducing that control a little. You'd have to be able to argue that fact in context to use those high level feats.
Bare with me this is a bit long
The Dr Strange chosen is current. He is back to SS but he still hasn't exhibited any Classic Strange levels of power. Even at classic levels Strange was no where near a reality warper unless he faced a reality warper of high end. That's the thing in both Marvel and DC that the peak feats of their highest mystics are because they can draw on various power sources to amp themselves ( or so so with plenty of Prep). Strange for example (even in classic levels) was openly admitting in Defenders that Dormammu was vastly superior to him in power. Yet he was able to defeat him in his own series in solo battle. He was only able to do so because he had drawn on the power of the darkworlds ( Dorm's own source of power) to combat him with his own power.
The same sort of thing applies for Dr fate. his only real reality warping feat that I can recall was after he had absorbed his wife to gain not just power from Order AND Chaos but ALSO from the power of the human spirit ( or man). Basically he was drawing power from everything that was to be able to do this. He had to build this power ( and it takes time) that you can really only do in a battle with a mystic because they too are building their power. Other battles of fate have him absorbing or manipulating more mundane powers and energies ( like electricity, atomic power etc). Yet he's lost battles to more mundane powered being because the full level of their power is instantaneous and available from the outset. He of course has powers that are also but they are also his more mundane. Also Sovereign didn't choose a version of fate so by CV rules I will take the most recent ( not current as the New Earth 2 one still has zero feats or even showings). That will mean Kent V which while OK has NONE of those high end feats anywhere near reality warping.
Mordru just like the above too achieves his best feats only through a power up. He is Like Fate he absorbs power from various sources. In order to kill the unkillable (like Lords of Order of Jarred Stephens Fate) he first absorbed the power of others equal to himself or many of such. To defeat Shazam who had powered up ready to fight Spectre, he absorbed the power of the Rock of Eternity itself ( Shazam's own power source). In one battle when he soloed the JSA he had absorbed the power of the starheart from Alan ( he eventually lost because Alan took it back) in the same he was about to "feast on the speed force" from jay until he was interrupted. His one and only universal reality level feat was after he and Glorith absorbed Infinite ,man ( who was the embodiment of everything). At that level he could have ended the universe at will. Also i have chosen 20th Century Mordru, all his peak feats are from his 30th century version who had spent another 10,000 years absorbing energy, taking over sorcerers world and absorbing much of the best mages magic, plus absorbing all magic in the universe ( the only way he was able to solo the LoSH, JLA and JSA combined). 20th Century Mordru in his earliest showings was easily defeated by Amethyst when barely a novice and that was in his place of power.
Since none of the beings they drew power from to achieve those peak feats are in the tourney as they are over the limits, and the versions chosen aren't even the ones that achieved those feats I fail to see how anyone can pull those feats out to use.
Based on the discussion I will only allow Phoenix characters if they are green level and below ( or at least below black and white). If anyone thinks a character with Phoenix chosen is above this let me know ( with proof preferably) and if anyone agrees with you they will be out. I'll be honest the line "equal to god and Satan" concerns me so I'll need to see something for devine Spawn to decide. there have been a few who have questioned Kuurth with gem so I'm also still undecided with that. Starbreaker was said by bane IIRC to be Way over planetary level but does anyone here think he equals Odin??
ANY reality manipulation is out. If a character in here has such and they aren't changed you wont be able to use the feats in the tourney