Great movie, but here's my qualm...
Everytime the film delves into any kind of potentially unpleasant emotional material, everyone stands up straight and puts on a smile as to coddle the audience through it.
It's a mental contagion like a sympathy yawn. The audience will subconsciously smile along with them all the way past the uncomfortable parts.
I don't know, it's kind of patronizing.
Other than the title card narration and the gorgeous B&W photogrphy, the main thing that dates this otherwise incredible film is the lack of trust in the audience's willingess to empathise with feelings of fear, anger or despair.
Although not uncommon in these older films, Erich Wolfgang Korngold's musical score plays everything too light-heartedly for my taste as well.
This is definitely the most egregious aspect of Captain Blood that a remake could improve upon.