Wait what the shit, you're right.
Goddamn it Capcom. EX Bullhead (in V-Trigger) should have frame-3 armor but be -2 or even upto -4 oB. EX Bullhead should be an option if you feel you have a read and are willing to spend a bar of meter on it (or to counter a projectile thrown upclose).
EX Bullhorn should never have had the frame 1 armor removed from the start as it's hugely punishable on block. It's the only wakeup option he has against meaties when he's not in V-trigger. Even cancelling it into V-Trigger is unsafe.
I am not complaining about having two frame 1 armor moves but definitely agree with you on those changes. V-trigger EX Bullhead shouldn't be as good as it is now. Probably dumbest move in the game right now.
Last point reminded me. Is there a way to count how positive you are after V-trigger cancel? I think h.bullhead xx v-trigger is safe on block but not sure.