the only real issue with using a capo is the fact that you do loose a fret or two on the higher notes... but if you dont play up there you should be fine.
I myself usually remedy the near nut problem by using lighter string gauges since they're not as difficult to manupalate.
Guitar: 1) Behringer Stratocaster; Webstrings Memphis Electric Xlight strings; Dunlop Picks
2) Ibanez TCY-10 Talman Series; Elixir Light strings.
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