It looks exactly the same as the shrouded armor but provides improved enchantments and armor ratings. There are two other variations of the shrouded armor.
It seems that while Khajiit and Argonians can wear the shrouded cowl, it does not provide a mask to hide the nose and mouth of the wearer, though the maskless version allows the ears to be seen, while the standard cowl does not. The cowl has two variations: one with the face cover, and one without. It is the only set of armor other than the dragon priest masks and Nightingale Armor to feature a cowl with actual protective leather. The armor is red and black, with many straps and buckles running down the chest and across the waist.