Being particularly well-versed in mercenaries (it's been a focus in my historical studies), the idea that mercenaries-especially bands and guilds-were ragtag, unskilled or poorly payed is ludicrous. Mercenaries, by the late Medieval Period, were actually rather elite. Mayhaps not a fully-mounted knight... they were still an extremely strong force, both on the battlefield and politically. Mercenary work was actually very lucrative by the standards of the time, provided you survived.

Also, Ecthelion is 'eh-k-th-el-EE-on', not 'eh-k-th-el-AYE-on'. That doesn't actually rhyme with 'ion'.

And, yes, a pragmatic warrior will wear rags and ragtag equipment when called for-however, the way your cs is written implies it's a regular thing which contradicts his elite stature. Men-at-arms did not change their arms and armor so often; a good piece that he acquired from funds from a single good contract or campaign could easily last him his entire life, especially regarding armor (switched around less often than weapons).