This list is strictly MY OPINION, but I am open to discuss it and would like to hear your thoughts and inputs. The only reason I am really making this is because I think a lot of people are finally starting to see a lot of characters for what they really are and I just want to bring some of it to light. Everything after the first tier is in no particular order so everyone is aware.
1) Kuhbawl (Duh)
2) Kenshi
3) Freddy
4) Sonya
5) Skarlet
6) Kung Lao
7) Cyrax (just admit it already)
8) Smoke
9) Cage
10) Jax
11) Mileena
12) Sektor
13) Liu Kang
14) Raiden
14) Shang
14) Kitana
14) Reptile
14) Sindel
14) Rain
20) Ermac
21) Sub Zero
22) Quan Chi
23) Scorpion
24) Noob
25) Baraka
26) Jade
27) Nightwolf
28) Stryker
29) CSZ
30) Sheeva
31) Kano
Please let's discuss!
Edit: IF YOU DON'T GIVE ME ANY SOLID REASONING I'M NOT GOING TO CONSIDER CHANGING ANYTHING, I THINK THIS CAN BE PRODUCTIVE BUT WE NEED GOOD DISCUSSION TO MAKE IT SO, DON'T JUST TELL ME I'M WRONG.
please kindly raise sheeva to #24. she deserves to be above CSZ, stryker, jade, kano, and noob. aguably baraka as well. she has a combo string which builds half a bar of meter if blocked, she has two unblockable specials, heavy armor, and the game's most powerful throw, projectile, strings, and special move. her many grabs and throws are all untechable, and her best attack (untamed fury) is +12 on block. believe me, no one understands her limitations better than i do, but a character with her tool set just can't be bottom 2.
against CSZ, his ice bombs and ice ball are countered cleanly by jump stomp, en fireball, or an armored grab if close. his ice parry is a free f3, b,f,3 22% combo opportunity for sheeva. his teleport is slow enough for sheeva to punish severely, and his slide is full combo punishable when blocked. even his dive kicks can be countered by EN AA grab or 4, b,f,3.
against stryker: her armored stomp and fireball foil his gunshot (his saving grace) from long range, where he likes to be. up close, sheeva just has better tools imo.
against jade: jump stomp cleanly beats boomerang and shadow glow, so jade's tactic of hanging back, engaging shadow glow and firing boomerangs to create pressure just doesn't work well against sheeva. neither does staff overhead, which is countered on reaction by AA grab. sheeva's armor is also superior to jade's.
against noob: jump stomp/EN jump stomp is the simple answer to clones, portals, and shadow ball at long range; close up it's EN untamed fury or EN fireball. noob's own teleport is easily blocked and results in 30%-34% punishment.
against baraka: this the arguable one; they are well matched. her jump stomp is almost useless here except very situationally. however, imo her superior armor (her EN fireball and EN untamed fury beat all of baraka's damage EN moves, even on wake up) and damage output give her a slight edge.
anyway, that's what i think. i really like how you recognize sindel's underrated skills, and i enjoyed your list.