My experience with clothing a morphed figure ( while still not being a tech-wizard about these things): 

Used M3 with Bishonen morphs by Tifft478.  Saved the morphed figure into my Library characters palette ( Figures). 

Used Wardrobe Wizard by PhilC, converted clothes from M3 to BishonenM3 figure.  Also managed to convert clothes meant for other figures to M3Bishonen morph figure.  not 100 per cent sucessful each time, but with some tweaking it would work.

Eternal Hobbyist