Well, pumping up defense +4 will have the effect of flatly reducing kill-rates across the board. Even for the phalanx it will be harder to kill the same charging cavalry. Pumping up spears' defense bonus against cavalry would be much more preferable in my opinion. In MTW spears got considerable bonus when defending against cavalry: i believe, due to higher attack values across all units types, the bonus (both: anti-cavalry attack and defense) is less pronounced in RTW. Also, note the new feature: mount mass factor when charging infantry... The introduction of it is a good thing, nonetheless, I feel, it works too well against phalanx... i.e., horse, having larger body mass, will "push the foot unit around" even when it does not kill it, resulting in loss of formation which, in the case of spears is especially deadly... Since this factor appears to be uniform (cavalry against foot - regardless whether they are spears or swords): I do not think it would be easy to introduce conditionality in this department (the mass factor stays the same versus sword types but gets reduced versus spears and even more reduced versus phalanx...). Dreaming more along these lines: the mass factor could change depending on whether the target unit's formation is already broken; whether it gets charged from the flanks/rear or from the front...
p.s. as it stands now, it is ridiculous that macedonian cavalry with practically no defense but super high charge kills phalanxes in seconds in frontal attacks... the horses should evaporate in such suicide runs, but it's the phalanxes that disappear and rout...
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