It's a little weird trying to decide whether to have a naked sovereign w/ more traits and better attributes versus a fully armed sovereign with fewer attributes. I think most players would choose simply to have a naked sovereign. I propose that sovereigns be able to buy equipment at the beginning of the game with their starting budget rather than spend character points. With the capacity to equip sovereigns with civilization-made armor and such it will make less and less sense to spend valuable character points on buying swords and vambraces.
This is related to another idea that gold should be much tighter and harder to come by at the beginning of the game, but that is for another thread for another time.