Well what about thinking up alternatives to the cape. Ive already thought about Having your armour done in guild colours for free at the guild hall, so your leader can choose a uniform and the palyers in his/her guild can choose to wear it on the armour of their choice.
Not to mention it would be a way to get your armour died for free.
Any other things along these lines you can think of, put them here and discuss please

thx.