At first, I wasn't sure how much I liked the cloth undershirt beneath the armor, but I'm thinking more as though that was an instinctual reaction. (I'm not too hot on soft goods in general, so please don't take it personally!) The more I see this fig, though, the more I'm finding I like your idea to incorporate cloth garments underneath the armor....and the hammer still rocks! I love the pic you posted here: gives a real good frontal view of the armor.
Great job!