That's far from what's being suggested here. These changes are designed to make the two options equivalent, but different.

No it doesn't, the shield penalty only affects you when your shields are up, armor is always affected by speed, and we have the worst penalty of all, explosives since armor is the last line of defence tanking with it is very dangerous, and explosives has multipiers to ensure that we die. No matter how high my armor is, unless its 1500+ grenades will always two shot us, while shield suits can survive three shots + from any explosive with just average HP.

Nope, you need 560 shields to survive two grenades (Easily obtainable by Minmatar and Caldari assault suits) and then whatever armor HP you want for the last grenade shot, therefore 3 shots. I could also use flaylocks, 3-4 shots to kill any armor suit, and 5-7 shots for shield suits and heavy suits. All at proto level of course.

Armor has these negatives

>No regen unless skilled into, getting regen removes a slot and therefore HP
>Regen that does not require a skill comes from repair tool but those are not common
>Speed penalty reduces tracking speed therefore aiming and hitting is harder
>Speed penalty reduces movement speed therefore you are more susceptible to weapons and explosives fire
>Does not give enough HP to compensate for the above 2.

Shields has these negatives

>None

Armor can only reach up to 30 HP/s on a Gallente logi. With a proto triage it can reach up to 100 HP/s but that is easily removed by having the enemy throw a flux grenade, and its only good if your going to be standing on the same spot, and in this game where gun fights are judged by who can move the most it makes them partially useless.

Also getting 30 HP/s on a armor suit removes your armor (nonviable as its only repairers). A shield suit gets 20-31.25 shield repair for free, with the only cost being a short delay and requires no SP investment.

Lets say my 500 HP armor suit is repairing at 20 hp/s, and we have a 500 HP shield suit repairing at 31.25 hp/s with a 6 second delay. At 6 seconds I have a 120 HP head start, at that time the shield start repairing and at 22 seconds the shield suit is done repairing, while the armor suit finishes repairing at 25 seconds.

Where is the other grenade coming from if a flux was thrown? If thats the case even a flux grenade + grenade combo will two shot any suit but thats not the point, the point was shield suits can survive almost twice the amount of explosives, while there is no weapon out there that can kill them that fast, granted the flux argument but they are non lethal. Shield tanks stack armor for a small amount of extra HP but they have the choice of completely ignoring it, armor tanks stack shields because it is extremely essential to our survival.

Shields having no active regen is barely a negative. It is a hinderance but not enough to be comparable to armor penalties. Also the regen can be dropped by half with regulators, with 1 complex energizer is enough to blow armor repair, active or not, out of the water.

Caldari assault is 5 seconds...

Flux grenade on a shield tanker wipes the HP but after 20 seconds they are back at full health, flux grenade on an armor tankers triage wipes their shields, it takes them 30% longer to replenish their shields, and now their armor repair is gone.

If both are under fire then both armor and shield repair can be ignored because weapons do so much DPS that the armor repair is negligible, so out of fire shields has the advantage but under fire none have an advantage.