Thank you all for your input! The consensus appears to be that the pant length is good as is and that they work very well with the white boots. Regarding the corset over the shirt, there were more varied thoughts, but overall it was "it looks well if it feels well". It felt perfectly fine. I will try it with sleeker shirt, too.
Joy, my coloring is indeed medium-to-low contrast. However I don't' think too much about matching that in my outfits, sometimes I will, sometimes I won't. Having said that, I do have silver booties and will try the pants with them, too.
Irina, I will try the corset over slimmer shirt as well.
ChristelJ, yes, the burgundy softens the whole color scheme, I think.
Dee, you are correct that peasant style shirts are not really my style, but I have a couple sort-of-along those lines. I will try those, too.
Suntiger, will try similar layering without jackets when it gets warmer.
Laurie, I can try the outfit without the corset too, it would be classic suit + shirt combo then.
Angie, thank you very much on your opinions. Glad to hear it all looks good to your expert eye.
Suz, I wore the thing the combo the whole day yesterday and it did not need much adjustment at all. It feels OK, I was more concerned about how it looks.
Slim cat, glad you like the outfit.
Kkards, ME+EM has some fabulous stuff and some great layering ideas. I will be trying to recreate some of their outfits for the spring. Every month when they launch I new collection, I think that I would love to wear half of it. I wish they were more affordable.
Roberta, I will certainly play with versions without jacket or with non-neutral jackets.
Nikki, thank you for sharing those great inspo photos. It is a fun look.
UmmLila, thanks! Not quite sure what you mean by a "lower profile" shirt: a sleeker one, one with a deeper neckline or something else?