I can level them up by only wearing two light and two heavy. Do the bonuses cancel out the penalties? I am thinking of doing 5-1-1 or 3-2-2 to get the benefits of Undaunted without penalties.
I think in order to unlock the skill lines you need to equip 3 or 4 but after it's unlocked You only need to wear 1 to gain XP. The more you wear the faster it levels up. At least I think that's how it works.
I can level them up by only wearing two light and two heavy. Do the bonuses cancel out the penalties? I am thinking of doing 5-1-1 or 3-2-2 to get the benefits of Undaunted without penalties.
The bonuses don't cancel out the penalties, otherwise there would be no point in having both because the end result would be nothing.
But if you're wearing the right armour for your build the bonuses and passive abilities do outweigh the penalties meaning it's well worth dealing with the penalties.
Medium armour seems like a safe choice because it has no penalties, but remember to look at the passive abilities too, if light or heavy offers you more useful effects overall then it's a better choice and the penalties end up being pretty minimal.