Dual-Cast fire spells can keep deathlords perpetually stunned until they are killed, if timed properly.
Spellbreaker can be effective when they use shouts, which will bounce the shouts back at them.
Combining the Marked for Death shout and the Fire Breath shout can inflict huge amounts of damage to these enemies, as they have an inherent weakness to fire.
Use the Slow Time shout and get some hits in while it is recovering.
Conjuring a Dremora Lord is very useful, as they are almost on par with Deathlords in terms of health and attack damage.
The attack from a werewolf is quite large, therefore effective, as long as the Deathlord's attacks are evaded, as a werewolf can't equip armor.
Using Bound weapons can be very effective, as Bound weapons can't be disarmed.
I got a glass bow from a deathlord, so probably other drops are possible as well. Not sure how you go about finding out what a monster can drop though.