Not really. Don't get me wrong, Smoke loses decisively to Kung Lao. I think it's a solid 6-4. Look at how Perfect Legend makes it look free against Wafflez. And yes, a lot of that should be attributed to PL's skill, but it also shows how Kung Lao can jump all over the screen and do whatever he wants against Smoke.
However, it's not as bad as Kung Lao against Kenshi. For one, if Smoke punishes one teleport with D+1, he can get 50% damage. That's not to say that it's easy, but that alone makes it slightly better than the Kenshi match. Smoke's hitbox, while big, isn't as retarted big as Kenshi, and has a slightly better chance of dealing with tele 3, not to mention, potentially win SOME air to airs (with Smokes air grab). In addition, Smoke has really good pokes that make it somewhat bearable up close. Again, don't get me wrong, it's still bad as Kung Lao has faster normals, and punishes Smoke bomb up close better than anyone in the game, but I don't see how it's as bad as Kung Lao-Kenshi.