Also the first tone in the torso in shared with one part of the leg straps which belong to its second tone.

Deadpool player here.  If the reason you don't like Fourth Wall Crisis is because the specific lifebar is a problem that will ruin the move visually, try using debug flood for Deadpool's weapon, it maintains the fourth wall breaking and it adds to the mugen feel.  If you don't like the move as a concept, let me get back to you later I'll think of something.

Also if you really want to up the Deadpool factor, hide something funny in the debug flood text when Deadpool picks it up.

The debug is the white letters on the lower left of the screen right maybe he can start picking up letters from it and start throwing them like ninja stars at the opponent lol

Woah, Deadpool? Cool, he was my main in MVC3. I also had to write a poem about him today for HW. Is he going to have custom gameplay, or be based off his MVC3 counterpart?

Yeah, I like this debug flood idea, fits Mugen pretty well.

Another idea would be to perform a combo at first, which would show a "Marvelous" or "30 hit combo" effect (along with the announcer), then Deadpool would use this effect instead of the usual lifebar.

BILL.G, any plans to make Deadpool a la MvC3, spritewise in CPS2-style with his cool stance?

Also, feature his 4th Wall Crisis with his UMvC3 Lifebar instead of the generic MUGEN one.