Ryu losing his throw loop wasn't the only issue. It was losing a key part of his throw game midscreen that hurts him. Probably moreso than the loop. Takes offense away from a character who offensively wasn't really super threatening to begin with and struggles with trying to play defensively in a game like this.
The stLK range nerf hurts way more than being stated by Shazzy, too. Key punishes off certain stuff work a lot less effectively. The loss of it in some combos is w/e, but making it harder to deal with shit like Rog dash punch or Ken stHK definitely sucks a lot out of him.
A bunch of other shit being lost, too, on top of gaining absolutely jack squat for it just blows. He was solidly designed in S1...Aside from j.LK and the throw loops, there really wasn't anything worth touching on him. I wouldn't be surprised to see a bunch of things reverted on him.