The Smithing perk is a travesty, and I believe that issue has been beaten to death so far.
I will, however, suggest a revision to the perk which could act as a valuable alternative.
Suggestion: When worn, the Smithing cape increases the gold reduction when repairing barrows armor on an armour stand from 50% to 65%
Currently, 99 smithing grants a 50% reduction in cost. Increasing this reduction would save 99 smithers a small amount of cash in repairing barrows armor.
To repair a full set of armor the cost is a total of: 166,650gp with 99 smithing. If the reduction while wearing the smithing cape were increased to 65%, the total amount of gold required would be: 114,923gp.
The perk saves the 99 smither 51,727 gp. Saving 51k whenever barrows armor needs to be repaired is a small and relevant reward. This reward could be scaled if one wished.
Regards,
X Omni
04-Dec-2015 18:57:18