I mean, you're starting your punish with an 11F, Short-range High. So several moves like Johnny Nutpunch EX can't be punished with this, and not to mention several moves that should get punished by this (like Mileena roll) will low profile the lick anyways.
Its good damage man, but this is combos, not punishes. F4 is by far a better punish tool unless you block a Trance, Raiden B2, or something similar.