The ring and the cape/wings gives 4 shadow morale each.
But is it possible to perk them too 5? Could it be that 2k perk points = 1 morale? So if perked to 10k they would both give 5 morale extra each?
I believe the ring was a dungeon item. Is it possible to get them in uber chests? Was alot lower level when I got it do stats kinda scaled to a low level king