Donna, I do not have a draw cord or elastic in the waist. Yes I am happy with the fit around the waist without it, though I will be putting the draw cord in the Kinsman. If the fit were alittle tighter around the torso it would work better when worn with just a base layer.
I admit it is a lot of work but I am learning a lot too. I am about 75% complete on the Kinsman pullover. It looks like it will weigh close to 8.5 oz. Last night I sewed the lower front panel on and accidently reversed the front so the shiny side was out. I am seam ripping tonight and redoing it. But beyond that all it going well.
I agree that the arm holes should be down sized a bit on the vest. I might be interested in doing another Minina with the athletic cut and smaller arm holes next so keep me in mind if someone has a pattern with smaller arm holes.
Jamie