Bayo seems to still be quite degenerate. The nerfs, as previously stated before, are reminiscent of sheik nerfs. So here's the thing, with less damage and knockback, a lot of her previously true combos are likely now going to be frame traps.. This is better interaction between players than 'oops i got hit and will probably die for it'. The defender can make reads to avoid the traps altogether and keep the stock. Bayo needs to work for that. Also, the WT and ABK combos don't kill so early. These will likely only be used for damage 0-50s%. Bayo won't start looking to confirm into a kill until around 60%. Until then, winning neutral early % doesn't mean death like it does in smash 4.
With all of this in addition to the witch time/bats within nerfs, the bayo player will need to invest more into neutral since they need to win there several times each stock as opposed to a few times per stock. I really like the character, I hope she is playable and degenerate at the same time but not so broken.