I like fleece vests, and wear them around town a lot. But I rarely bring them to the woods. I have never been able to justify their weight/bulk outside of winter (when I'm wearing them all the time).
So, how do you use vests outside of winter? I'm curious as to whether it is puffy (down/syn), fleece (state type i.e. generic Polartec Classic, windpro, softshell, etc) or windbreaking.
One of my central issues with puffy vests under puffy jackets is that you need the jacket to larger to accommodate the vest's loft. This may make the jacket by itself baggy and hang off you and lose thermal efficiency. Myself, I have a MB Thermawrap parka (size M) and a MB Inner down parka (size S). The small fits snugly, and would not allow an additional layer underneath. The medium might allow a small vest.
I have read Richard Nisley's opinion on optimum clothing: in order: LS Capilene -> R1 Hoody -> Houdini -> Micropuff vest -> Micropuff pullover/hoody –> Replace both puffies with down jacket
(I recently tried on a MB Alpine Down vest with the intent to add it to my winter layering system for serious cold)
-M

