So say your opponent has cleave their is a chance they could lay the smackdown on your mount if they arent carefull?
They confer no benefits to combat at all.
Correction, they do.(lots of quotes)Note however that all are modifiable and thus may have been changed or even disabled in Layo... I do not know.
The only benefit of the layo horses, is increased speed of movement, and diminution of attack and damage.
//edit There used a penalty to ab and damage, you would see the two red signs appear on the screen when you mounted a horse. I guess that changed.
Ranged Only weapons are affected.