Pleased to see Hogg, Lee, Faulkner and McKay. Players who can be both hard to score off and also get batsmen out. I would have liked to see NCN or even Starc, just someone who naturally gets the ball to snort. Have my doubts about Doherty.
Batting is pretty much who I'd have picked as well. Easy pickings this summer because it's possible to pick experienced players who are in great form. Bailey is the only one of them to be set for debut and he's the choice captain of Aus A.
I think it probably is worth picking a 'specialist captain'. I think it's a bigger part of T20 than is often credited. You've got to be able to wear pressure for the whole game and out-smart the batsmen very deliberately. Then you've also got the prospect of micromanaging the batting order, something that won't really win the longer forms, but is key with only 20 overs to bat. It's all got to be done quickly, too.
and this time I am going in with majority of Indian players 
...Come what may...
Wasn't sure when I first read the tip about Bailey being captain, but it sounds like the selectors have been thinking it through (the 'discussing for 6 mths' quote I read from Inverarity). Having a specialist captain could be important, not just tactically as you point out, but particularly given the squad they've named. I say that because there's only 2 Test players in the 14, and they are Warner and Marsh, both of whom have been Test players for less than 6 mths. The other players who've played ODIs have been in and out, or are very good followers eg. Brett Lee, Dave Hussey (and Mike Hussey when he's ready to play), so having a well respected domestic captain leading them makes a lot of sense. And looking at it from the worst case scenario, it's also easier to carry a player in T20s than in other forms - just in case Bailey blows chunks...
