Capless all the way on the gauntlet. It's the perfect walk on rig and all I use 99% of the time for stock class. I love it so much I sold my WTF Stalker vest as I just never needed it anymore. If you want more paint than the 40 on the Gunther and 10-15 in your gun, throw a tube or two for backup in a pocket and call it done.
I wear mine on my gun (right hand) and simply point the gun to the sky, pull a tube with my left hand, then point the gun down and load. It's quick and easy. I'm having a side tube pistol made with a Superstocker feed so I can just pull the tube and jam it in with the gun still up and continue on.
Here's one of my vids from last year with e gauntlet and a PGP. An example of the reload is at about the 2:00 mark. http://youtu.be/GuOcuC9resU