I feel that even though Joe is a good base for him, you would be more satisfied with then end result if you just did him from scratch. I've tried making him out of Joe at least 4 times but I never really liked what came out. Your edit is decent, don't get me wrong. I just feel that he never looks right using Joe as a base. ( Just my opinion )Spoiler, click to toggle visibilty
Now I feel like giving him a shot from scratch
Now that I see that this is a conversion from the new KOF games, that would work if you are trying to convert all his sprites. My mistake.