I would like to see more cap-based options for the majority of tournament categories: Historical, Historical + Cap, Bronze, Bronze + Cap, Silver, Silver + Cap etc. You get the idea.
I also think the caps should be much more agressive. IIRC, the current bronze cap is 65 * 25, but maybe it should be as low as 60 * 25 to really force the player into making calculated decisions about which players to field.
Or perhaps you could even do Bronze + Low Cap (AVG 60), Bronze + Medium Cap (AVG 65), Bronze + High Cap (AVG 69)?
I find there's a much stronger strategy element to the capped tournaments, as well as still allowing those who don't have the strongest squads a chance at being competitive.