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Lets Remove sunfire cape! PLEASE :3!
BIG OLE EDIT! And i apologize for my poor HTML skills.
Since people are just craving for information, here we go!
Why Sunfire Cape is a trap item.
It's costly for the minor upgrade in stats it gives.
For the components of Chain Vest and Giants belt, 1800g investment right there, plus a 800g combine cost, you are getting:
0 Extra Armor
20 Extra Health
Unique: Deals 40 magic damage per second to nearby enemies (400 range) AKA the passive.
So essentially you are paying 2610g for 40 magic damage per second in an aoe.
Lets Look at another defensive item that build out from chain vest, Glacial Shroud.
Glaical Shroud builds out of Chain vest and a Sapphire Crystal. Add the combine cost of 425 gold you get
0 extra armor
225 more mana
For 1525g, you are getting quite a free buttload of CDR, an item Any tank craves for due to increasing his in combat control capablities, any ADC that uses mana would want due to have access to his damaging abilities more and increasing his durabilty, and any Caster that uses mana would want due to it being cheap and cost effective and increasing his or her durability.