PC? I consider that quite lucky then. I wish when I was playing Morrowind I could've played it on PC. The mods are amazing. A big problem I think Morrowind has balance wise, is that endgame the lady sign, apprentice, atronach, and mage, all seem to benefit the player no matter how powerful they get. Yet most (if not all) the other signs have extremely bad problems with scaling. Racial ability wise it's not so imbalanced. Altmer, Bretons, and Nords all seem to have abilities so powerful that it's unfair to the other choices. More magicka is a huge deal unless you choose to be a purely melee/archer type character. Nords have outright immunity to frost, resistance to shock plus woad, and like Orcs they have high starting hp+endurance. Argonians have decent racials though the lack of free cast waterbreathing combined with very little to compensate for being permanently barefoot seems unfair to me. As for bows, spells have optional area effect, and I think are easier to use than bows. Also some mods provide arrows with area effect which will make aiming easier if you want them.
Racial starting stats are not a big deal other than getting started, it's the abilities which last you even late into the game that are a big deal.
Like I said I have always just felt more at home with a controller then M+KB, I also always refused to allow the idea of mods to make me think that in any way PC > Consoles. Yeah the mods are great and all but I just always enjoyed playing games vanilla over modding it, and I also feel that a game should never be good solely due to mods, to me mods and multiplayer stand in the same area. Sure their a nice thing to keep the game interesting, but if the game can't stand on it's on it is NOT worth any money in my opinion. Not to mention, besides the Curse of Hircine mod for Oblivion, I never really found any mods that interested me for any game.
Now that my huge rant on my feelings to mods are, on to the other stuff lol.
Yeah when I first played Morrowind coming from Oblivion it just felt kind of unfair with the Argonians and their lack of ability to wear boots or certain helmets, and the thing that they just got a water breathing spell and not just a passive effect personally made no sense to me. The reason I liked them in Oblivion and Skyrim was my love of just swimming in games and playing as them just made it possible to swim ALL the time (Stupid reason I know but I am a very weird person) and I also don't like playing humans in fantasy games, it just feelings boring and I would just much rather but something that I am not. I never wanted to play Breton, Nord, or High Elves (I believe that is who the Altmer are, I am not too read up on TES lore on them as I just hate the race for reasons unknown to even me) solely because I just dislike classes who seem to be geared solely to a single combat style.
And the spell/Bows thing is what I did in Oblivion and that was what I was hoping to do in Morrowind, like I said I am just terrible at using realistic bows lol.