It's the retrain of Archer! As a result, we have a direct comparison of how strong this card is (but the tl;dr is Archer is good and so is Biawak).
First off, being rezzable without forfeiting an agenda or choosing to for the same 4c rez cost is already a huge boon; it's a strong tempo loss but being forced to respect a Weyland with big money due to this card's devastating facecheck regardless of whether you think they're willing to surrender points is excellent. Of course, this is probably the best ICE to rez from an Eminent Domain score or a SAM on a Tucana (DON'T do this if you have more than 11c+install cost after; you'll be forced to rez the card for full price or by forfeiting by Tucana). The biggest mark against this rez cost is that you can no longer scoop your Biawak for 3c tutors in Ob.
And let's talk about that facecheck, it trades the 4th gain 2c subroutine (quite useful if you were bankrupting yourself on rezzing Archer) and second program trash subs for being able to trash a Resource (plenty of strong hits eg Bankhar) or functionally having 3 ETRs to Archer's one. The facecheck has less potential to shoot two breakers and win the game on the spot, but targeting Resources means it can set the Runner back in the early to midgame more often where they might only have 1 program and a Resource or something, so this isn't a bad trade.
Looking at the break, 6str matches Archer and does well into common breakers like Echelon, Carmen, and Revolver, but you can still blow it up with Devil Charm + Crew. The one lower subroutine often went unbroken on Archer to save Revolver bullets or some other resource e.g money, so the ICE isn't making you money past its rez like Archer did and it taxes one less on Physarum Entangler. On the other hand, common ICE cheating solutions like Boomerang and Botulus have a MUCH harder time getting all the way through this ICE due to the multiple ETRs, which cannot be undervalued.
As a result, my conclusion is that Biawak is mostly actually an upgrade. It's less likely to win the game if the Runner is reckless on facecheck and probably worse for Ob specifically, but the added resilience to ICE cheating, being rezzable without forfeiting and subroutines more relevant in the early game are incredibly useful. This slimy little komodo dragon (that is not at all little) will be eating plenty of runners. And I see Moth is sending more members of NSG to their net demise.
I don't get it. They banned Cleaver, but then brought back Corroder on steroids? What gives?
— Roofless