"Lord" Goat is talking out of his arse.

Delay between sword swings means you need to actually time your swings and use skill. Just because you can't instantly heal with items doesn't make a very slow regeneration effect illogical or paradoxal. The dropping of items being limited is more balanced than removing it. Knockback reduction YES, I'm not suggesting it be removed just reduced so you aren't sent flying. And being slowed down won't make it any more difficult to make a "comeback". And unless you spam like a dumbbutt turret until you run out of arrows, it's VERY much a hassle to try and aim and not stand in the same exact place shooting multiple arrows.