While I would say with that frame of thinking, yes you could say PvP was 'balanced' in the Mida/GL days. The balance I and others are actually referring to is different weapons being equal with one another. Where you can use the loadout you want to use and still do as well as the ape that's using a HC/shotty combo. If you want everyone to use the same gun match after match, load up Halo 2.
[spoiler]But that's just my opinion.[/spoiler]
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I was just saying. But I definitely miss Halo 2 back in the good old days.