We all know he was handled pretty poorly, especially with near the end, so what you change about the story or Pancake boy himself, in order to fix him?
Give the boy a redemption arc til the game ends and have him start to atone. All while the game constantly hammers in that he's done unspeakable horrors to people so you never feel too much sympathy for him.
The way I would have written a character like pancake boy is similar but instead of making him the ultimate daddys boy I would have given him more of an end game objective like a plan what to do after he betrayed his father and make him a calm mastermind instead of a psycotic catlady.
Pancake boy is perfect, I only wish for him to stay with the Phantom Theives.
For P5C I would like to have a mini gameplay segment with him as the protagonist,exploring his backstory in its entirely,kinda like in P3 FES where we got the mini Aigis story.
Dude has a body count who knows how long all so he could screw Shido over. Then, shortly after the big reveal and then getting his ass kicked, he's more or less forgiven with little effort because "you're just like us". Then he just gets "killed off" unceremoniously and is completely forgotten about.