Phil, I'd guess the two were quite an even match, as you say. By the time we had the Meteors in the Korean War, they were outclassed, but 77 Squadron did a mighty job with what they had. The Meteor can claim the world's first combat ejection using an ejection seat when W.O. Ron Guthrie ejected from his Meteor after being shot down by a Russian MiG-15 pilot.
He bailed out with the Martin Baker MK.1E seat, which was the first generation, pre automation MB seat. The only automatic feature was the static line activated drogue gun which deployed the drogue chute. After that, it was all manual - undo the seat restraint belts, push yourself away from the seat then head on down. Options were to ride the seat to a more oxygen friendly altitude of around 10,000 feet before seat separation, or to separate early and freefall if you had the skill. Ron Guthrie chose the third option and separated from the seat at high altitude, pulled the D ring and got a canopy happening at an altitude in the high thirties. His theory was to try and drift out into the bay and get picked up by friendly forces, but the wind didn't go his way and he was captured.
The MK.2 modification didn't come along until the end of the war, but it provided barometric controlled seat belt release, seat separation, and personal recovery chute deployment. This was a big step, as a pilot could be injured or unconscious after ejection and still survive.