Some initial feedback:

-Kula gets stuck in the mid-air after Heaven's Drive
I'm gonna have to ask you how I can replicate this, please.

Spoiler, click to toggle visibilty

-IMO heavy kick CLSN is really huge

Spoiler, click to toggle visibilty

I used other characters as a reference, but if you guys feel like this is overkill I'll take it down a notch.

after some quick testing a great improvement over the first one good job, more feedback to come maybe later
Thanks!

- Reverts back to her default palette during "Sorry" win pose (might happen to some others).
I covered this in the readme.  These sprites have yet to be converted by Drex, so she goes back to her default.
- I'm no Kula player, but both Heaven Drives doesn't look right during the first uppercut.
What do you think I should do?  I made it look similar to K's in animation, but I can "smoothen" it up.
- Kula performs Diamond Edge (and Max version) before the super animation finishes.
Intentional.  She does it in KOF as well if you mean what I think you do.
- There seems to be a 4th ice pillar when performing the Max version of Diamond edge (next to the middle pillar).
Probably poor placement of the explods on my part.  I'll take a look.
- Ice pillars during Diamond Edge doesn't seem to have a proper...how to put this...fade animation? It looks like the pillars break half way through before disappearing making it look weird.
Nothing I can do about this unfortunately.  That's just how they look in KOF
- Diamond shot effect where it lands on the ground looks misaligned.
Will take a look
- Did you have to use the same attack for all of her jumping punch attacks? The effect for the Heavy version also moves during the animation, causing it to be misaligned.
That's how it is in KOF.  I felt like I shouldn't tamper with it too much.  They do vary in explod size though.  I thought I fixed that but I guess not
- Shouldn't the hit box for Freeze Execution just be one giant stationary hit box as opposed to a moving wall? I can see the attack missing if the opponent manages to get behind you.
If the attack misses, it still goes off because it's a full screen
- You should use a transparency code/animation when Kula reappears during Neo Freeze Execution instead of just turning her black to blend in with the background since you'll see Kula standing there if the opponent happens to be near her when Foxy and Diana start to attack them.
Good idea
- Animation for the crouching heavy punch has a really long pause in between.
It looks longer than it really is because in KOF she has an explod over it, which I decided looked bad with these sprites
- Sprites for her crouching light punch attack are misaligned.
I've tried time and time again to get these to look right, but I'm gonna have to actually edit them it seems
- Clsns could use some work. Apart from the big hit boxes mentioned above, some of her animations have a few gaps in collision boxes (like her run for example).
The majority of the CLSNs are KOF accurate.  I would appreciate it if you'd post specifically which ones you think I should change though

Off the top of my head. Will post more if the need arises.
Thanks