Just tried morphing clothes.  Transferred all the dial morphs from a character to a clothing item (both based on M4).  Then dialed all the morphs in the clothing the same as the character.  The result was a mess.  The clothing, with all the injected morphs dialed the same, didn't fit.

Converted from M4 to M4 with Wardrobe Wizard, dialed up the morph, and the result was excellent.

I gave morphing clothes a try because I thought it would be better.  It's not.