Excellent posts Foz and I agree that the GB's are some of the best heavy cav around. Especially for factions that have to wait for a long time to get their true heavy cav ie Russia, Turks. One thing that I have noticed though is when you have more than 1 GB in an army that it can cause some weirdness with movement rates like lets say my main general has a bonus to movement, this applies to all units except the other GB's in the army.
edit : which might also affect the moral bonus
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