FWIW, I think Capilene and similar synthetics have improved greatly with respect to odor management. I did a lot of winter trail running 10 years ago in temps of 20-30F and used Capilene and similar synthetics. Those had to be washed after each use. 8 years ago, I jumped on merino wool because of the stink issue. I still love merino for true stop-and-go activities like resort snow skiing, where the wet weight of wool is less important that its ability to stay warm when sweaty under a shell and you have time to let it dry when it is on you.
Now, for backpacking and climbing I whole-heartedly am back to the improved synthetics. I typically have Capilene 1 or Arcteryx Phase LT under everything regardless of temperature and use Arcteryx SV or the new Stryka hoody on top of that. That's an individual thing — I heat up fast and cool down fast, so I need to transfer the sweat moisture quickly out to the shell. There's less of an odor issue now. Last climbing trip, the odor only started manifesting on the third day but we were in cool temps at altitude, which does a lot for airing you out.
The new Cap 4 layers look great. I have those wishlisted and am waiting for some sort of discount :)