Out and up can work pretty good unless you've got a really big chest like me, half the time I end up with collarbone boobs or something. I usually do down and out, and just adjust my shirt often. What really matters, honestly, is that there's an "out" in there somewhere. If not, you'll probably end up with the dreaded unimanboob.
You've probably heard it elsewhere but in case you haven't, button ups. Button ups are life savers. Button up and hoodies, I'm not even exaggerating, make MASSIVE differences.
Also, for me personally the 997 worked a lot better when I doubled it up (but I'm thinking mine are a lot bigger than yours).