Mordekaiser is broken because of Ravenous hunter and conqueror, as well as his build path. If you want to nerf Mordekaiser its Ravenous hunter number 1. The fact that almost every champion that can remotely take it does so says alot. Every game with Ravenous hunter on Mordekaiser you will see an average of 10k healed. From a secondary rune.
Conqeuror will then heal him another 5-7k, he ends up having insane sustain from just runes. His build path is also whats making him op, if you go vs any AD you can just build
and insta win the matchup, its not even bad because seekers just builds into
later which is one of his core items.
If your playing smting like
and your vs AD your options are
for early game, thats it, going anything else severely hurts your build path and throws you out of the game. Mord just has better itemization due to him being AP.
His Ultimate stealing stats is also deceptively strong, he steals 10% of your HP then adds it to himself, which means his shield gets stronger, if he steals AP all his abilities also get stronger. Removing the stat steal would make it more fair since while your in his R your permanently isolated so his Q is dealing 150% damage