Great jacket but sizing is off - Marmot Alpinist Jacket - Men's

I am a long time fan of Marmot products dating back to the mid 90's. One of my favorite pieces is an old mid 90's Lightweight Alpinist jacket. The older version was a 3 layer Gore Tex and honestly did not breath that well., although It has a great fit and the material was supple.

I have been wanting to purchase the newer version as it is lighter and I hope that it would breath better.
As they were on sale this month I ordered one, a size small, which is what I am.
I am disappointed in this version for a variety of reasons.
The first is that while it is a lighter weight jacket the material is extremely stiff and feels cardboard like.
The other and more important reason is the fit. The Sleeves are a lot longer than the previous version coming down to almost the base of my fingers.
The jacket is long in the front and back but almost a little to long. The fit across the chest is to tight. the fit is almost perfect, almost.., with only a T shirt under but once you layer up with even a 200 weight fleece it becomes very constricted in the chest and under the arms area. I also tried this with a light puffy and it was even tighter.
Unfortunately I will be returning it and living with my 20 year old version.