M.Ted,
Actually I do like the sound of my guitar capoed up at five -- I especially do it in dropD. Unfortunately, one song I love to duet with another guitar that way I can no longer do (as I traded my cutaway for an OM). I play a chord lead on "The Hour That The Ship Comes In". Ironically, that ship sailed -- with my Larrivee.

I do a fingerstyle "Summer of My Dreams" up there too that I'm rather fond of.

And you're right -- a solo played up there really rings out!