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I love the moulded flags as they look so much better and add a certain 'je ne sais quoi' to the figure and the command stand (when thinking wargaming, but I reckon they look better in a diorama too). I don't mind painting them and, in fact, a partially-furled flag is easier as it is 'disjointed' anyway.
If I am being all 'conciliatory and understanding', then I guess I can use a standard-bearer with a pole as I'd add some tin foil or such and make a flag that I can shape. Don't much like them paper ones meself....