There's not a lot of information on the average underbust in MTF individuals, so I thought that it would be interesting to do a poll based on that.
Your band size should correspond to the measurement of the rib cage directly under your breast tissue, and should not be measured using the overbust method, nor by adding 4-5 inches (which is an outdated method).
You may pick two sizes if you are inbetween sizes and/or fluctuate sizes based on brand (For example, I'm normally a 30 band but require 28 in Freya and (hypothetically, as it doesn't exist) 28 in Aerie).