This is an interesting thread, Canadian He-Man.
I think Hordak was played down a bit and could have remained a more serious threat. I know MYP Productions had an interesting plan for Hordak that would have made Hordak a serious threat that would have put everyone on the run to eventually have Skeletor defeat him.
I like this idea, a lot. I think most people agree that there's something kind of cool about Hordak's pupil becoming more powerful. Skeletor and Hordak have a history. He-Man and She-Ra a little bit but not like ol' Bonehead.
I kind of understand how Hordak became a tad silly in the series. The same goes for Skeletor. He started out a cold, heartless fiend and Christmas came and he's playing kissy with a puppy! I think the writers wanted to play around a bit.
But, yes, Hordak is Bad. He's Meaner then Skeletor. But is he tougher? I don't think so. But it would have been Awesome to see him face He-Man more. That's what he was made for.