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anyway cost should be related to equipment and training. upkeep to being irregular, regular or elite (in the end that is usually similar to length of training and quality of equipment). and this is generally well balanced in EB, but the romans are a weird exception.
Depends on what you mean by "generally well balanced." Across the board, units get less and less cost efficient as you climb the tech tree. By the time you've hit "elite" you are well into "grotesquely cost inefficient."
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well the iberian heavy cav is good, but like i have pointed out the heaviest iberian infantry, the loricata scutarii is no match for even polybian hastati (cost-effectiveness that is, they are slightly better individually but at 2x the cost, and they will get owned by 2 hastati easy).
Yup, here you are running into the "cost effectiveness issue" I outlined above. Works that way with every faction.