I've made an oldschool style Simon Belmont (design on original CV's cart). However, only Ivy has a whip like thing, and giving my bulky, Arnold-like creation the animations of the most sexually suggestive female character in the game is pretty hilarious.
Also, Alec, Vader in the Ps3 version doesn't seem overpowered. Really, the worst case of an overpowered character I encountered in the game was The Apprentice, and admittedly, he is extremely overpowered.