The truly sad thing is that a war with blade usually do more bleed than a theatric. Ill use Laharl as an exaple since Orm had so many fights with him when they both was top 5. Blow for blow laharl always did more bleed than Orm, and doing a 70 bleed was no rare thing for Laharl. That means that Laharls heavy armor negated Orm`s GV 10 and then some.

i would think that agility and presence are what affect bleed amount.