I started a new Mughal game with 1.27 and it's going well. Maratha and Mysore got into a war so I was able to take out Maratha pretty easily. last game was more difficult as Mysore went to war with portugal instead of Maratha. Unfortunately, I'm now at war with Mysore and Persia so i'm fighting on two fronts. The Persian's actually took over a basically unguarded Lahore before I recaptured it. Income is all over the place depending on who is raiding the trade lanes. I have been bouncing between 7K and 2K with an average of 4K. I have barely started upgrading the infrastructure so I'm curious to see how rich India can become once Mysore and Persia are destroyed.
Only observation so far is that Dervish warriors seem too powerful. Their high morale makes sense as the are supposed to be religious melee warriors but it also makes them practically unbreakable. They probably need to have their cost increased or a maximum unit cap imposed.
The change to cavalry is nice too. The Maratha Lancers seemed to do more damage against my militia infantry, which was cool/crappy depending on how I looked at it. (Stop routing damn it! )