However, they seem to be trying to stuff so much into the capability; there's a base, a length, and offset, permissions, sealing bits, extra bits reserved for user permissions, and so on. They're 256 bytes, 4 times the size of a normal pointer, plus an extra tag bit for validity.
They do have a compressed 128 bit version, with various alignment constraints, but it seems like they are trying to stuff too much functionality into these capabilities.
I feel like it might be more instructive to start from a much simpler capability design, with just simple fat pointers with a few bits used for tagging (due to alignment, or not needing to use the full 64 bit address space), and see how far you can get with that, without adding in all of the extra features and needing huge pointers or funky compression that imposes much stricter alignment constraints.