M.C.
I've never done the encapsulation... Too much ick for me. Buuuut, I do have a very "crunchy" friend who did it with her second pregnancy, and she claims it worked wonders for her energy levels, mental state, and general well-being. I'm not sure how much of it is from a placebo effect or how much is actually from the placenta... But it definitely worked for her. She said the only downside was that it DID have a bit of an after-flavor. (That she would get rid of by drinking chocolate milk. Lol.) I would give it a go if you are able to, and can get over the ick factor that holds so many of us back.
She had hers done by her midwife.