I just played my first game ever of them and won despite not putting any real effort in. I already thought the faction seemed strong from playing against it, but playing it - especially after you actually know what you're doing unlike your first game with it - gave me a new perspective.
Specifically, how can you lose with Pfusiliers + Raketens + Stukas assuming you didn't completely collapse before you got to 2CP? you've got camouflaged AT guns that need no separate teching. You've got AT snares for free on your Pfusiliers. And then you have the squad wipe of Stukas. Possibly place a few mines to safeguard against light vehicle suicide runs on your Stukas and then just use the Pfusilier flare to light up approaches and bomb away the enemy. I haven't tried this combo yet (I used Leigs instead of Stukas) but I can imagine it being solid.
The only thing I can see giving it problems is unrelenting Maxim spam into Katyushas asap and maybe a well managed USF who knows what you're up to. In both cases they need to win the early game or it's over. Or if you put your Stukas next to a building against someone who had Partisan tank hunters I guess...
assuming you're still on placement matches, play another 9 games and show us your rank