The halbs valor is from the general so not moral bonus. They were trained in a provence with a church and relquary. So that would be +3 morale. I agree that is it no the best example, but it was the one on hand. I use them simeratly in open field battles, to intercept any Cav that charge my lines.
.....and just so we are clear, I'm not claiming that out of tbe box halbs are going to do much. You do need to get them morale upgrades. Generals with + to morale also help.
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