» Fri Jun 15, 2012 6:42 am
You can do it at low levels with The Steed sign. It's arguably the best sign in the game: +100 Carrying Capacity, and any worn armor weighs nothing. In other words, you get not only +100 inventory space, but you also get the additional space freed up by nullifying the weight of your armor set. And the zero weight means your armor has no speed penalty, no stamina penalty, and no noise penalty. It's the equivalent of running around naked, only you get the defense stats (and appearance, obviously) of your armor. Once you get to a higher level, you can pick up Conditioning (level 70 Heavy Armor perk) which has the same zero weight effect as The Steed.
I'm currently working on a Dunmer Vampire focusing on Sneak and Illusion, using Heavy Armor with a dagger (right hand) and destruction spell (left hand) for combat, and it's working very well so far. It's a great blend of all 3 playing styles (Illusion, Destruction, and occasionally Restoration for magic; One Handed and Heavy Armor for melee; Sneak and occasionally Alchemy for stealth). Illusion is very useful for Sneak as well; you can use Muffle as JerZeyCJ suggested, as well as Invisibility, Calm, and Frenzy, all of which are very helpful for stealth-based characters.