My cape seems worse than the pics I've seen in this thread - the only thing keeping it up is the left leg, otherwise it seems like it would slide right off. The "point" on the capes don't come close to reaching the shirt.
Given that there is no magnet in the back socket and it's not really even that deep, it seems like the design is relying on a tight fit between the cape and the neck in order to stay in position. That tight fit does not exist for me.... maybe I'm not helping it by putting a sliver of plastic between the cape and neck to try and prevent scraping while I mess with it. I can get it to go closer to where everyone else in this thread has it, then it just slides right on back. Maybe it really does need some friction between the cape and the neck.
The cape issue notwithstanding, when I look at it from a distance with the other Super Powers statues, I think it's going to look really great when the replacement arrives.