How often do you type in all caps and why can't you bind another key or key combo to caps? Regarding chording I use the following strategy.
I use i3wm which lets you define your own modes and bind arbitrary keys to commands. Effecting a mode is a set of effective bindings wherein one binding in one mode can make a different mode active letting you define vim like sequences of keys to accomplish a goal.
I use xcape which lets you have a key produce a different key when pressed vs used as a modifier. I use the key produced by tapping right shift to start operations with my window manager. Eg vot opens appkey t in this case terminal in a vertical split. In Emacs I use the key produced by tapping left shift to start operations as a leader key eg to correct mispellings I use left shift c w.
I remap caps to escape. I would also just map escape to caps but some games seem to ignore what you have mapped and require you to press the real escape key to get out of a menu. So lacking an optimal key I just map right shift -> c to caps.