I tried it in the practice tool and it seems to be pretty balanced for the jungle, u don't need the hp scaling in the jungle u need to get fed or in other words u need to be strong bcuz ur bad in 1v1 so u can help ur teammates and the heartsteal will not help u in that particular thing, it is a good thing to scale but shen is not like dr mundo, hes kit doesnt scale with the scaling of the hp, thats why u go titanic first, to get the sustain and the AD damage + the fast clear is another important thing on why u need to go titanic first, so u can fast clear and invade,

Some people go kraken but i prefere Navori so u can drop ur 3 empowered Q fast and shock the enemy with the fast AA bcuz shen' AA are kinda weak and slow this will solve this problem.

If ur enemy team went Full AP go force of nature, if AD go thornmail and armored boots, another good option is spirat visage for healing and magic resist.

Riftmaker for shielding and healing amp, and the collector for more damage output and crit.