personally don't see much hope for the F-16V to be quite honest with you. The political backing isn't that strong when it comes to it (for reasons that people can speculate).
That's why I post, either can go with Logical Development or Pork Barrel Development. Either way it's possible. I know many Indonesian Enthusiasts blame Soeharto on slowing down Defense development. However considering the size of Economics in his regime, he's doing it in relative Logical path (eventough he also give substantial projects to his Children).
I put his period as logical step by step development, relative to the Geopolitical situation. Example of TNI-AU, his administration plan actually in the 80's and Early 90's was quite sound. Multipurpose Fighters with F-16 (they're planning at least 3 sq, that's why they're bargaining with US on F-16 that not being send to Pakistan), and LCA/LIFT in the form of Hawk. During 1996 Air Show, I also see the IPTN plan for N250 base MPA/ASW, Scout/Light Attack Helicopter based on IPTN Light Helicopter, and some missile development.
Those plan has more clear staging development than present condition. During Soekarno era, Our Defense Development can only be said influence by more 'emotional' thinking. Yes Soekarno manage to developed big Defense assets in short time. However without proper support infrastructure Investments.
Soeharto's regime on the other hand try to build proper Industry support with the help of Habibie. Eventough it's also sidelines toward his family business interest, still it's better planned than Soekarno's regime.
SBY's actually in my opinion try to revive Soeharto's regime plan during his administration. We know many of Jokowi's first term defense development still come originated from SBY's era, while many of their own plan going no where. This second term should be the defining moment for his administration on Defense. Whether developed or break.
Personally I don't mind if they go with Rafale, or Su-35 for example compared to F-16V. However if they go with more expensive assets to operate, then they should prepare more budget for operation and support Infrastructure. Means this administration willing to take Political will on that. Thus means prepared to make sacrifices on budget from other projects.
Hope they're talking on life time sustainment projects. Since the way they're building Defense so far is on 'opportunity' projects, rather than step by step development.
The concept of multiyears that being prepared from SBY era, now already being implement. Hopefully they are shown discipline on implementations of multiyears lifetime sustainment. I have somewhat confidence with Bapenas and Ministry of Finance on that. However this administration also shown the risk to put Political consensus first, rather than what the users planning told.
If that happen, it will become another Pork Barrel development projects. I'm just afraid that path will give some flashy toys just to score Political points, rather than sustainable Military development capabilities.