Never played this game competitively, but I did remember having a lot of fun with friends. Based on what I recall...
Mitsurugi - 2K,B great. cH WrB combos into CE. Good at Punishing and Good juggles.
Hwang - Mitsurugi but better at RO.
Han Myong - Hwang with more stuns and crazy stuff off cH 66AB.
Taki - Fast, Great at Punishing, Bad Range. cH WrK, AK, (WrB),B Bnb.
Li-Long - Fast, Great Juggles, Terrible Range. cH 3A, 66B, 66BB, 3K huge damage.
Seung Mina - 6A,K great punisher, A,A series good, Good RO, low combo damage.
Rock - 6K, 66AB Most damaging BnB nH combo. Hardest character to juggle. Slow.
Cervantes - Really punishable, bad launcher. 2nd Hardest character to juggle
Soul Edge - Faster Cervantes. 3B, AB,B,B 3AB hard to do, but more damage than Rock's nH BnB.
Siegfried - Bad Launcher. Good at RO. 44B combos damaging, but too slow and difficult.
Sophitia - Great Juggles, Good at RO, easiest character to juggle.
Voldo - 66ABG leads to possible infinite and other good combos. Good at RO and Punishing.
This isn't an ordered tier list, just some stuff I remember seeing/doing often. Not sure about a lot but Han Myong is definitely top and Cervantes is one of the worst. Hopefully someone else remembers this classic game and will have something to contribute.
Mitsurugi - 2K,B great. cH WrB combos into CE. Good at Punishing and Good juggles.
Hwang - Mitsurugi but better at RO.
Han Myong - Hwang with more stuns and crazy stuff off cH 66AB.
Taki - Fast, Great at Punishing, Bad Range. cH WrK, AK, (WrB),B Bnb.
Li-Long - Fast, Great Juggles, Terrible Range. cH 3A, 66B, 66BB, 3K huge damage.
Seung Mina - 6A,K great punisher, A,A series good, Good RO, low combo damage.
Rock - 6K, 66AB Most damaging BnB nH combo. Hardest character to juggle. Slow.
Cervantes - Really punishable, bad launcher. 2nd Hardest character to juggle
Soul Edge - Faster Cervantes. 3B, AB,B,B 3AB hard to do, but more damage than Rock's nH BnB.
Siegfried - Bad Launcher. Good at RO. 44B combos damaging, but too slow and difficult.
Sophitia - Great Juggles, Good at RO, easiest character to juggle.
Voldo - 66ABG leads to possible infinite and other good combos. Good at RO and Punishing.
This isn't an ordered tier list, just some stuff I remember seeing/doing often. Not sure about a lot but Han Myong is definitely top and Cervantes is one of the worst. Hopefully someone else remembers this classic game and will have something to contribute.