I agree that cowboy should have his moveset (and really playstyle as a whole) significantly changed. While he is supposed to be the sword fighter with disjoints and "high risk high reward" attacks, this isn't the case at all. Teleport lets him start a combo off of practically anything that isn't quickdraw, and lets him effectively make every combo burst safe with the right spacing. Cowboy's combo game is however extremely boring, making it not feel satisfying to land hits. Lightning slash being able to loop into itself repeatedly (which was FAR worse before the knockback decay update) just makes cowboys rely on this move far too much. In my opinion, cowboy should be more of a "Marth" styled character. Fast, long range, good punishes, and using disjoints to play keepaway with the opponent, instead of just using Lslash whenever they get into range without any more thought involved.