If he gets f1 fixed, with a minor damage nerf, (he really shouldn't be hitting meterless mid 40's in the corner LBSH no character should)
I think he'd be fair but hes nowhere near the top of the list of nerf/buffs if he got touched and the other characters didn't that would be entirely unfair.
With high execution liu kang flame fists has around 60% bnb's in the corner (METERLESS)
Tanya has at least a few 7-3 matchups.
Certain characters i think will get marginal buffs as well. I see F/T getting one, and maybe JC, he got a nerf which was unnecessary and ruined a variation, and his other variations have horrendous matchups vs certain characters.