I wasn't expecting much from this period romp but, following an uncertain beginning (actually, the solitary pirate sequence itself), once the scene shifted to the court intrigues, it settled down into being a likable - if highly derivative - Grade 'B' costumer. Ulmer endows the location-shot film with a reasonable amount of style (his trademark shadowy lighting and odd camera angles coming into play most prominently during the busy climax). The plot basically revamps the Zorro saga (with Louis Hayward doubling as aristocratic fop and masked bandit) - thus making it an ideal companion to THE MARK OF ZORRO (1940), which I rewatched via the Fox SE DVD the previous day - but, given the lead character's quest for vengeance and his involvement with a theatrical troupe, it appears that the film was equally inspired by Rafael Sabatini's "Scaramouche"! The film emerges patchy as a whole (with the script failing to be witty, its attempts at comedy relief are especially resistible), but the dramatic scenes - particularly where villain Massimo Serato is concerned - compel some attention, and the derring-do is surprisingly adroit.
This had been released on DVD by All Day Entertainment, as both a stand-alone edition and as part of a collection dedicated to Ulmer. I had been tempted time and again to purchase some of them but eventually settled on just the individual disc of BLUEBEARD (1944) - which was excellent; I did manage to rent THE STRANGE WOMAN (1946) eventually by way of a cheap DVD edition from another label - but that film left no particular impression on me. As for the rest, thankfully, all but one turned up recently on Italian TV in their original language with subtitles: apart from THE PIRATES OF CAPRI, I recently watched DAUGHTER OF DR. JEKYLL (1957) but still need to check out STRANGE ILLUSION (1945)...