This variation isn't as bad as people make it out to be (that's always been the case with Raiden in general) but you do have to be on point, tight with your frames, and have solid matchup knowledge, which in my opinion is why it has it's reputation. People want easy gratification and don't want to put in the work using the tools available without calls for buffs or excuses. I think it could use a little help though.
I would want to see meter burn jo push whiffing issues fixed (happens when you are in the corner), and jo push/lightning rod being less negative on block, faster startup, or even added pushback on block.
I also think B31 shouldn't have a gap, 321 gap should only be flawless blockable, and that F3 shouldn't lose to a low profiling poke. S3 being a mid or a frame or 2 faster startup would be nice as well, but it's still possible to jail it off of D3 on hit and anti air crossups.