On another note, I dont consider a very powerfull choice cheesy, sorry if I gave that impression (and looking back I probably did. Let the internetz drag me along there...) because quite frankly where would the name calling stop? Do think its bad design though if a character model is so powerfull most armies take him. Not saying most HE players do but the forum tends to give that impression
Moving the discussion back to our own armybook, what would be the best way to gear a captasus? Took a look at the pointcost and theyre pretty cheap! They also get 3 wounds from the pegasus
For 135 points you can get: Captain, full plate, shield, lance and riding a pegasus with iron-hard hooves and swift as the wind in a flank or when hunting things like skinks I think there isent much more that he needs!