You're going to have a tough time having even one complete squadron of MKIs in the air at any given moment in time, what with all their reliability and operational issues. You seem to be a big fan of the Red Flag video, why don't you go watch it again. So, yes, as far as Pakistani border goes, the AWACS will offer great coverage, but realistically, not all MKIs could be covered.
Well, if we went platform vs platform, there wouldn't be much to debate at all. On paper, the MKI wins hands down because it is, as you say, 4.5 Gen. We are discussing real scenarios here, and AWACS, intelligence, strategy, training, operational readiness, air defense ground environment etc. all come into the mix. This is why I mentioned all those things including LCC, MTBF etc. in my post above. In a real scenario, these things matter. There is no point in having 230 MKIs if u can't get one up in the air for 15 minutes. You're better off flying the old "coffins".
Well, not to get side-tracked, but we don't refer to Indians as anything but Indians on this forum. If you go to BR, you see a lot of Porkistani, Bakristani etc. type name-calling. That is racism in its purest form. Seriously, the average IQ level of that forum must be negative. It is a very, very poor representation of your nation. If you care about how others view your country, you must criticize BR as well.
Lastly, you are correct, according to the USAF pilot (the same pilot that Indian fanboys hate) the MKI is slightly better than the F-16s, but that slight difference can be remedied by strategy and tactics. The USAF wasn't playing defense, they were on the offense (hence the name, Agressors), whereas the PAF's primary priority woul dbe defense of Pakistani airspace. Don't take Cope India or Red Flag as a real Indo-Pak situation. These should just be used as indicators.