Aha. Good thing someone actually posted a picture. Note that those elongated toes are add-ons to the armor.
Each of them attaches with 3 little bolts. There's another toe underneath, and that one is meant for riding only.
Then again, Balor doesn't ride much in Myth AFAIK. Which is where it all breaks down, of course
To whoever will actually tweak Balor's armor: make him look like Oni's Mukade, and I'll kiss you on the nose.
I mean, Mukade is pretty spooky despite all that roundness and shininess. What could his secret be?
Point is, he's black
and shiny. Mostly round, but with a few strategically placed spikes. Compromise. Style.
Cape optional
I happen to know a guy who's drawn a nice Deceiver, and who might draw a more badass Balor if asked to