It would probably be safe to assume that it is superior to the Block 15 F-16s the Pakis have with newer air to air & air to ground weaponry.You'd probably have to rate it below the Block 50 standard,but that's cold comfort.The Taiwanese F-16s are modified Block 20 standards.
If the Europeans start selling upgrades to the Chicoms,things may look very different.There are several AESA radars & electronic warfare systems on offer from European firms which won't be purchased by European nations.
The Taiwanese need Partriot, F-35's, some surplus S-3Bs, and about 500 ballistic missiles. But none of that is going to happen.
I'm more worried about their SU-30's than their F-16 knock-offs. Wouldn't you concur?