I don't have Lil'Bling leveled yet, so instead I used Sunreaver (1,1,2) and Darkmoon Zepplin (1,2,2). I led with Sunreaver's Supercharge, followed by Laser until Supercharge is off CD, then Supercharge and Laser until Sunreaver died. Then I put in Darkmoon Zepplin and cast Explode. If your Sunreaver died early and Baneglow has more health than Explode will take care of, it is entirely possible to add Decoy-> 2x Missile before casting Explode as well. My third pet (a Darkmoon Tonk for backup) didn't see the fight at all as Explode finished Baneglow off, so this could be used as a carry strategy as well (though the XP is not great).
By turns, this should be:
6+: Laser until Sunreaver dies
Bring in Darkmoon Zepplin
I didn't have a Sunreaver, but I did have a Pocket Rocket. I use Arcane Shot until the Pocket Rocket was dead. Then used the Runeforged Servitor for the Call Lightning swapped to Lil Bling for Make it Rain.