[quote=@FortunesFaded]
Terrific! Oh, I do have one question: Say I chose the flaw that makes my kingdom's archers weak, or the infantry feeble, or any of those; then I hired a mercenary group to fight.. Would they be restricted by those flaws, or not because I'm paying extra money for them?
[/quote]

The mercenaries would not be restricted.

[quote=@Raptorman]
Question, can balance be achieved between races through elements other than saying all races are identical physically in terms of capabilities? Like for example, X race has a tiny population, ect?
[/quote]

In short, no.