I reckon Walters is fine as a team leader and would probably make a great captain but we need to be mindful that captaincy involves more than leading the players onto the ground, in fact that is the minor part.
I actually think Walters would be a great captain because he's a match winner plus he lifts the players around him and Fyfey is very injury prone
Captains need to be articulate and have a reasonable media presence. I am not sure Walters has the media polish at this stage. He may not enjoy that anyway. Mundy and Fyfe however are born to media work. Personally, I think there are only two circumstances in which we should change a captain; The captain retires or he is traded to another club. Either way he is no longer at the club. It is untenable for a new captain and a replaced captain to be in the same side unless under circumstances similar to Pav's. I also believe Pav should have retained the captaincy right up until he retired. Dave Mundy should stay in the role til he retires or decides to relinquish it because of injury or other extenuating circumstances. Obviously Nat Fyfe will be captain one day.
And as the cup goes up hear the shouting