Well after playing with it some I can’t understand the complaints.
The speed of the projectile is the same for rangers.
The weapon should never have had heatseaking.
The damage didn’t change.
The bouncing attacks still auto hit.Shortbow now works exactly like all other bows in the game. Seems reasonable to me.
The Ranger analog of Thief Shortbow is AXE, not bows. And Ranger bows do not have the same projectile velocity as Thief Shortbow, as you say. Ranger Axe is still heatseeking.