This variation gets really good damage meterlessly, and has a decent rushdown and zoning game.
I can see why it falls behind shaolin. But not behind bojutsu.
EX overhead arrow jails into a mix up(yes, jails into the low, overhead is backdashable tho) and converts full combo if u have fire arrows and hit low enough.
Ex vampiric arrows nearly take a full meter from opponents, and seeing as your meterless damage is all u need, it should be worth it to use the bar.
Has a standing vortex (I say vortex and not 50/50 because I believe it can be fuzzied)
Can break armor on wake up w meaty ex overhead arrow (once again full combo if fire arrows loaded)
Decent zoning potential, nothing spectacular, but I'm sure people wouldn't want to trade with stun or fire arrows.
I think I might put some time into the character as a secondary or something.
I definitely see the potential.