Even though Cloud, Ex-SOLDIER offers additional card draw for each equipped creature, it still ends up being far better to just focus on piling everything on Cloud and protecting him rather than spreading it out: you'll kill people faster with commander damage, you'll reap bigger rewards off stuff like Behemoth Sledge gaining you way more life, and it's simply easier to protect a single creature than trying to protect your entire board
For example, a card with basic landcycling lets you search for a basic land card, and a card with Wizardcycling lets you search for a Wizard card.
And then theres also the Dark Depths combo to give yourself a massive 20/20 flier with indestructible by turn 4
Unlike a face-down creature that was cast using a disguise or morph ability, a cloaked creature may still be turned face up after it loses its abilities if it's a creature card
Whats unfair is the variety of cards it shows up with that cheat it into play: Show and Tell, Sneak Attack, Shallow Grave, and so on