Spoiler: Character reasonings

Ms Fortune is in S tier primarily because headless Fortune turns the game on its head. Headless Fortune has everything a character could want. Guard pressure? She can do repeated pressure with the head set up behind the opponent. Damage output? Headless Fortune possesses ToD potential against just about everyone.



Squigly is in S tier because she has a complete package of easy ToD combos and easy guard break setups.



Peacock is in S tier because she can guard break with a simple blockstring into Impending Doom plus charge attack. She also has ToD potential against most of the cast and her zoning can be a huge pain to deal with.



Valentine is in S tier because she has ToD potential against everyone with triple CVs and Forbidden Procedure. The revives with Forbidden are nice to have as a backup measure as well. Val also has a top tier command grab in Mortuary Drop, which is her best tool in neutral.



Robo Fortune is in S tier because she has a ToD against every character. Her neutral game is nothing to laugh at either, with her SM beams giving her full screen presence that is safe on block and her Headrone Ram being a move that can catch foes from full screen or even turn a hit on you into their character getting killed by a Robo ToD just because the Headrone Ram hit them during their D1 or L1. Robo also has the only armored move that is safe on block in Rotation Hazard.



Eliza is in A tier because she has a fullscreen command grab in Weight of Anubis (AKA sewer grab), and the best okizeme in the game with the unblockable Sehkmet CA. However she is held back by not having a ToD against the entire cast.



Big Band is in A tier because his one hit of super armor while dashing lets him put on a lot of guard pressure and also just get some brute force touches. He is held back from S tier by the fact that he can only ToD the lightweights of the cast and because the armored dash can become predictable if used repeatedly.



Parasoul is at A tier because she has a very controlling neutral game, the ability to counter bursts with the Egret Dive, and ToD potential against lightweight characters. She is held back from S tier because she does not have ToD potential against the heavyweight characters.



Double is in A tier because while she has a universal guard break setup with Catellite Lives, AKA Catheads, she lacks ToD potential and her kit doesn't have a ton to offer in neutral other than the Catheads guard break setup.



Filia is in A tier because she can put on good guard pressure with the help of her speedy and safe backdash. However she is held back from S tier because she can't ToD everyone.



Painwheel is in B tier because while she has incredible damage and even some ToD potential, she has a hard time getting a regular hit into a full combo. Flight Risk is an ability that can capitalize off of a knockdown with fly grab, which is a breakable throw that is harder to tech than a normal throw and also has unique combo routes attached to it, but Flight Risk can be punishable and only has fly grab as a real option for neutral because the the other two options off of Flight Risk are complete trash.



Cerebella is in B tier because she has stagger on throw break along with some command grabs that actually have pretty decent combo potential. Stagger on throw break is Cerebella's greatest boon and is a guaranteed win against anyone who spams normal throw (good luck getting one of those in a laggy match though). Cerebella also has two armored SMs in Lock & Load and Battle Butt that she can utilize in neutral. She is held back from A tier because the command grabs are tricky to use in neutral because of their rather specified range and because her armored moves are heavily punishable on block. She also unfortunately does not have any ToD potential.



Finally to round out the list Beowulf is in C tier because he is split between either using command grabs for easy hits with no follow ups or struggling to get a regular hit to do a full combo because his kit is simply too limited to do both of those things simultaneously.