Lets see, the CP started the whole bloody shooting match, the Germans spent the war raping Belgium and fought their western campaign camped in France's main industrial area, whilst the A-H's were out to annex all of the Southern Slavs. What do you think would be more equitable?
Personally, I think they should have stripped the Ruhr of industrial and mining equipment to replace that destroyed or stolen from France and Belgium, and reduced Germany to an agrarian economy for a generation or two.
Both the A-H and Ottoman Empires were already coming apart at the seams, and the best thing that could have happened to both of them was the break up, and in the case of the Ottomans, the secularization of Turkey.
Yet, France was in far better shape with a more generous peace after the war in which it tried to conquer Europe