Neither is as huge of a disadvantage as is often perceived - and both come as trade-offs for other important specs.YJ-83 short ranged and sub sonic. HQ-16 are very short ranged compared to something like SM-2 Block 3C.
Somebody did mention that these could be cheaper vessels to handle enemy forces that are not nearly as capable as the US.
That depends on the role, of course - if you want sort of strike frigate, you always may get one - but big missiles don't come free.
HQ-16 range is probably going up right now, how much - we don't know. But it's healthily in area defense range.