I don't think 054A is really falling behind. It is the rational design for a cost effective platform with pretty good armaments. Its mobility is hampered somewhat by these saving but for a Pacific navy it is completely sufficient.
Armaments by themselves are only as good as your ability to spot targets and get them to the point where they work. Cell counting isn't equivalent to armament - especially in the modern era, where the contents of the cells - missiles - are expensive, time-consuming to produce, and become incredibly difficult to keep in stock in sufficient numbers and update. Cell isn't the modern equivalent of a gun.
054A
does fall behind - it's adequate(not less, not more) right now, but even ensuring it will remain so for its whole life(+25 years from now, i.e. till ~2050) is becoming risky. Even within this decade, its limited capability to work with offboard vehicles appears to grow into a downside. Electric power is very uninspiring by even modern standards. Sensor suite is just enough. Propulsion silencing is dating back to the poor PLAN era - meaning that sub won't even need to try to grossly out spot the frigate.
And it's indeed a frigate - a ship that ultimately will have to face enemy SSNs and top-of-the-line SSKs, quite probably - on its own, without extensive external help.
PLAN's opponents are betting quite heavily on SSNs against China, it isn't even a secret.
054A was a nice "good enough" combatant on the production line for almost 2 decades - never a cool guy, just a tough worker. It will still be.
It's time to replace it on slipways - and complement in service - with something that can actually fight off a Virginia raid, Taigei ambush, or an island NSM units' surprise attack.
The so called 'frigate' of western design is disgusting, when it gets 9000 ton almost cruiser level tonnage, only to arm like a shitty destroyer. Good for long range patrol, bad for combat. Very expensive, just build more 052D equivalents.
US Navy, and their endless struggle to fit all the boxes at their disposal with actually relevant missiles must be a serious lesson to the cell-counter sect.
Metal bawkses(c) are only launch containers for modern navies; the degree of how a navy is armed has much more to do with the store of actual interceptors, cruise missiles, and so on.
Production of those items is limited - and, in fact, can
easily be outpaced by the power of the shipbuilding industry. Those aren't 'shells' - they're complex, single-use aircraft in their own right. Their production often struggles to get into hundreds per year(and they're damn pricey) - and it can't be extended beyond reasonable levels even in wartime.
The more VLS, the more strain, the more strain in peacetime - the uglier the situation in any war going beyond the initial stock.
And when even the initial stock mixes all the missiles available(old, new, up-to-date, outdated) - what's the point of those excessive VLSes?
In fact, concerning the controversy about 054b VLS - I personally think that stocks alone may be a major reason to keep h/ajk-16.
Two stocks instead of one, two independent sets of production lines instead of one.
Finally, it isn't exactly hard to calculate expected max salvo for a ship before there will be leakers - this is in fact a fairly basic calculation for any ship class for any navy.
Overly exceeding this number x 2-3 (depending on how many engagements per sortie you plan for) is pointless - you're only going to go down with more missiles onboard. Which, as I hopefully explained above, are a very rare commodity.