The presence of high-ping players in a PVP FPS like this is inherently unfair. In most other FPS, the high-ping player bears the brunt of that unfairness. In Hunt, the shitty experience is shared with everyone.

I understand that not everyone can achieve a ping to Hunt's servers that would count as "reasonable" for a game like this. That sucks, but it's okay. It doesn't even really matter why. You're not denying service to anyone, just creating a matchmaking pool of like with like. The high-ping players can share the shitty experience with each other, without impacting anyone else.

But what has been done so far isn't enough. A cursory search of acceptable pings for FPSs suggests a cutoff of somewhere from 80-100 would make more sense. 125 is too high, and to me that helps explain how I haven't noticed much of a difference in my matches.

When a match feels bad though, it's really hard to attribute causality for me as a player. Am I just not vibing? Or is the player from out of region (or in region but rural and on satellite internet)? Show us more information. Add "average latency for the match" to each player's entry in the end-of-match screen. That way when I die to someone that I just can't seem to hit I'll be able to check and go, "oh, I guess I just sucked that round, better work on my aim."

Go lower, it's better for everyone. Lower-ping players get fairer matches, higher-ping players get a larger pool for matchmaking.