A small update. It's finally out of the dryer.
The arms are baggy at the top enough I could pin them at the armpit and they're not too tight.
I couldn't take enough out of the chest to make up for the armpits being low.
So I guess take some from the arms at the collar, give to the chest at the collar.
Increase the increase ratio either evenly (*inc 1r, k 1r, inc 2r, k 1r*) or in two sections (as I described above) and end the increasing closer to my actual armpits.
Petroleum based knitter, removing that nasty oil from the ground one skein at a time.