I'm using captionof to kludge some sidecap-like figures. sidecap wouldn't let me use my other kludge to get the horizontal rules. I like the first example figure but I don't like how the whitespace surrounds the caption in the second figure. There are lots of locations in the minipage environment to manipulate the vspace. Any tips where would be a consistent (ideally global) way to get the captions positioned correctly?
\documentclass[11pt]{article}
\usepackage[demo]{graphicx}
\usepackage{lipsum}
\usepackage{sidecap}
\usepackage{wrapfig}
\usepackage{capt-of}
\usepackage{geometry}
\begin{document}
\lipsum[1]
\begin{figure}[htb]
\begin{minipage}{\textwidth}
\noindent\rule{\textwidth}{0.5pt}
\begin{minipage}{.45\linewidth}
\includegraphics[width=\linewidth]{test.pdf}
\end{minipage}\hfill
\begin{minipage}{.5\linewidth}
\captionof{figure}{ test }
\label{fig:test}
\end{minipage}\hfill
\noindent\rule{\textwidth}{0.5pt}
\end{minipage}
\hfill
\end{figure}
\lipsum[1]
\begin{figure}[htb]
\begin{minipage}{\textwidth}
\noindent\rule{\textwidth}{0.5pt}
\begin{minipage}{.45\linewidth}
\includegraphics[width=\linewidth]{test.pdf}
\end{minipage}\hfill
\begin{minipage}{.5\linewidth}
\captionof{figure}{ Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Ut purus elit, vestibulum ut, placerat ac, adipiscing vitae, felis. Curabitur dictum gravida mauris. Nam arcu libero, nonummy eget, consectetuer id, vulputate a, magna. Donec vehicula augue eu neque. Pel- lentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Mauris ut leo. Cras viverra metus rhoncus sem. Nulla et lectus vestibulum urna fringilla ultrices. Phasellus eu tellus sit amet tortor gravida placerat. Integer sapien est, iaculis in, pretium quis, viverra ac, nunc. Praesent eget sem vel leo ultrices bibendum. Aenean faucibus. Morbi dolor nulla, malesuada eu, pulvinar at, mollis ac, nulla. Curabitur auctor semper nulla. Donec varius orci eget risus. Duis nibh mi, congue eu, accumsan eleifend, sagittis quis, diam. Duis eget orci sit amet orci dignissim rutrum. }
\label{fig:test}
\end{minipage}\hfill
\noindent\rule{\textwidth}{0.5pt}
\end{minipage}
\hfill
\end{figure}
\end{document}

