It's super bad and even worse in Iron Banner. Lopsided matchs upon lop sided matchs. I don't give a rats -blam!- If I'm on the winning team or losing. Way way WAY freaking to many matchs ends with mercy rule, especially in Iron Banana bofana shitnana. 🙈
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It's less about lobby balance, and more about how the game modes are designed around snowballing mechanics. Almost all destiny pvp revolves around them. You can play the same people in multiple games and have wildly different outcomes. Yes, there are skill differences and lobby imbalance... but often the match result is determined by the opening encounter and getting initial map control. The first team to get a team wipe is often the one to run away with the match.