Must a doctoral hood have a cape?

The Academic Costume Code of the American Council on Education, on the subject of hoods, says “the hood for the doctor’s degree only shall have panels at the sides”.  Does this mean (i) “Only a hood for a doctoral degree shall have panels at the side” (in which case the panels are optional)? Or does it mean: (ii) “In the case of the doctoral degree only, there shall be panels at the side” (in which case the side panels are required)?

The "panels at the side" constitute the CAPE for a "full" (as opposed to a "simple" hood) on Grove's classification.  A hood without a cape will be lighter and so less prone to the slipping/strangling common with academic hoods.  But will it be authentically doctoral?

Evidence for (ii)?
Gardner Cottrell Leonard, The Cap and Gown in America, (Albany, 1896) on pages 12 and 13 illustrates Bachelor’s Master’s and Doctoral Hoods, and the latter have capes/side panels.  Here is the illustration from p. 13

Evidence for (i)?
In all of the rented regalia I have worn over the years—rented by my university, so presumably up to their standards— the hoods are cape-less/ panel-less.

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