Look at the stats:
Cha +7
Con +7
Str +7
10% Spirit
Just because it happens to have +7 cha doesnt make it a bad Warrior/Zerker cloak neither.
The stats are still good indeed.
And there are good cloaks to other classes too that drop in malmohus. Hunters/Sb get a good cloak from named svartalfs.
Enraged maras drops a +58 HP cloak.
named svartalfs drop Excellent Runie/Shammie/healer cloaks and weapons and armour and all that.
Well that was all :)