I've always found the differing unit sizes in MTW to be a big factor. For example many novice players mistakenly believe Byzantine Infantry to be a great unit, but are then surprised to learn that they are inferior to FMAA (I think they have the same stats but less morale - but I don't have the stats handy at the moment so don't quote me).
What makes Byzantine Infantry so effective is the larger unit size than other sword units. The "wrap around" effect has always been a big factor in MTW due to the differing units sizes - as opposed to the unit sizes in STW which were all the same (apart from Kensai and Battlefield Ninja).
As far as this game goes, I've never tried changing unit sizes so I'm not sure of the effects it would have. Taking an MTW'esque approach and reducing the size of sword units in relation to yari units may not be worthwhile, as yari are not as disadvantaged against swords in STW.
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