A few more changes.
-you already have Recover mentioned in the AC, so you should remove it from the OO section.
-since having recover frees up a space, you can also move Protect from OO to the AC, as a move to fill up the space
-Since Milotic is trying to play a defensive role, is there a reason that you don't try placing all its EVs into defensive stats? for example, running something like Calm Nature, and 252 HP / 60 Def / 196 SpD, which can allow Milotic to survive a Gem Thunderbolt from Zapdos.
The rest looks pretty good, but I think I'd like an answer to the last question before giving a QC approval.
Just another rainy day on the train...
VGCS Jaunary International, 165W-30L-27D/C, 1873
, 13th Place
VGC 2013 Winter Regional, Salem OR, 1st Place