Of course, the evolution of a navy's surface combatant classes and their VLS cells shouldn't necessary be looked at in a "linear improvement" way, seeing as the USNs first VLS ship was the tico, with ~128, then burke, with 96, and now zumwalt, with 80.
The only proper way to judge whether a ship's armament can be considered decent is by looking at the entirety of the ship (are there any other systems that take the place where VLS could have sat), as well as how other ships of similar weight are armed. So while I think a 12,000 ton ship with 112 VLS won't be excessively underarmed per se, it still would be a slight disappointment considering smaller ships like tico and sejong have 128 cells along with additional slanted AShM launchers. But we will see.
And of course, VLS count isn't the only thing important about a ship: 055s sensors, combat system and datalinking capability will also substantially improve, and that may be able to make up for any small deficiencies in VLS count compared to other ships.