What's wrong with the PS4 version?
PS4 is fine unless you want to play it in 4K native.
If it was really that terrible then it would not be used in tournaments.
And the game has always had input lag, even the arcade version does, it's just that arcade players just stopped giving a shit. With regards to home versions it's the issue with various pcbs on joysticks and whatnot.
Technical wise the game is a rock solid 60fps, you can watch digital foundry for that. PS4 amateur and Xbone run less than 1080p, Pro runs at 1080p, PC can go up to 4K.
As someone who has played and continues to play the arcade version (because imo all the home versions pc included are ass for various reasons), it's fine.
Just think about it, if it was really that bad, then they wouldn't be using it in official sponsored tourneys with cash prizes. They could have Pros setup or PC towers, but guess what, they don't!