Scotland is definitely one of the weaker factions. It has poor cavalry, lacks missiles, and its focus on the bugged 2-handers and pikemen really damage its playability.
It does have some redeeming features though, just not where you would expect them. As Old Geezer said, Border Horse have the 'Fast Moving' attribute, making them excellent flankers. And although the Scots lack powerful missile units, those they do have can double up as melee units, with Highland Archers and Highland Noble Archers easily holding their own against enemy infantry, their AP axes are a huge bonus - how many factions get foot archers with an AP melee attack (apart from those hammers the English Yeomen have)? And the Noble Swordsmen are a great bargain, and can take on pretty much any rival infantry. And if you plan of Crusading, the Scots can solve their cavalry deficiency by getting Chapter Houses.
And of course taking the British Isles as an economic base can make your Highland Hordes pretty much unstoppable.
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