Zip-off arms seem like a logical extension for a gilet. Sometimes it's done badly, to the detriment of the gilet, but in this jacket, Campag do it well. Due to its close cut, this feels more like a gilet with zip-on arms, and works well in both guises.
However, you have to stop to get the arms on or off, unlike arm warmers, which can be rolled up or down on the move. And of course, you're paying a premium for those arms over the Raytech Light Txn Vest, which is £22 cheaper (more than enough for a pair of decent arm warmers). It's made from a stretch-fabric called Textran that incorporates polyurethane. It's windproof and, like the Assos, much more rainproof that it looks - apart from the mesh back, of course. The front zip has a storm flap, and there's a good-sized zipped rear pocket. There's also a reflective tag on the back and patches down the sides.