Now that he is back out to 14/1 and with extra places on offer, I can't not back Cloth Cap. I got 12s boosted to 13+/1 and the seventh place. A front-running ride like last year's will make him very difficult to kick out of the frame.
I still believe it's a high-quality race but accept that it depends on one's definition of "quality". I thought the same last year but Cloth Cap took a lot of his opponents out of their comfort zone and I can see him trying to do the same. I still think one or two of the second-season chasers will hang on to the pace and run him out of it but can't be sure which ones it will be. It will be a new experience for most of them, racing at his pace.
I think the field is better than last year and fewer horses will be out of their comfort zone. I'd be more concerned about his wind problems than some. But he is overpriced, would see him closer to a 8/1 shot.