Latency plays a huge role in whether or not a burst-fire or semi-automatic weapon is effective. I'm playing on the PS3, and at the moment, the lag is unbearable for me. For that reason, I struggle with the Type 95 and MK14. When I do manage to play a game with minimal lag, the Type 95 is devasting (I never made a MK14 class; I have picked it up once or twice though).
On a separate note, the niche that burst-fire weapons should fill is the long-range, counter-sniper role. They should deal a consistent damage--nothing too high, but not too low. Like most guns, they should kill in three or four bullets with low recoil. Hip-fire should be slightly worse than most Assault Rifles, to ensure they struggle at close range.
To conclude, Rapid Fire should be removed from the Type 95. In addition, the Type 95's damage should be lowered, OR the hip-fire accuracy should be decreased. The M16A4 is fine as is.
