What are the mechanics of Mario's Cape?

[oodnetnin]

Are the mechanics the same as in Melee?
If not:
1) When using it to reflect projectiles, is there a speed or power multiplier?
2) Is there a limit to how powerful a projectile Mario can cape? (Read: Is there something similar to the shield break Fox goes through if he reflects projectiles back and forth?)

[limitbreak]

http://smashboards.com/showthread.php?t=140564 ... look about 3 spaces down on the mario character thread and youll see this ... from what ive seen, the cape is basically the same but it does look to have somewhat of a longer range