Here are the latest results.   I reset and reinstalled M4.   BODY center for both figure and clothing are indentical.  I used the shirt from Jack of Hearts and I've checked "Match end points when conforming" in the clothing and then conformed.   The results were the same as you can see in the image.   Poke through is present in a fully zeroed pose.  The pokethrough is there when I render as well.  I don't see any magnetize poses for M4 like I have for V4 so I can't magnetize the clothing.

I'm using the 32bit PP2012.