Thanks Willy.
I took a chance and used it in two games last week. On the first game, I felt a little off. I found that my angles were quite off. Not sure if I am using the new chesty as an excuse or I was just plain awful. Took the chesty home (I keep my equipment in a locker at the rink) to make some adjustments to the straps. I tightened up the elbow straps since I did not make any adjustments to them prior to that. And on the wrist straps, I think I did them up too tight last time and that combined with loose elbow straps did not work well together.
I also changed the hook/holes that the back straps go through. I changed the upper one to go through the two hook/holes at the very top and left the lower straps going through all of the lower hook/holes. The hope is that this would pull the back of the chesty down causing the front to pull up.
With these changes, the unit as a whole felt much better and I played a much better game overall. TBH, it didn't feel too bulky and awkward anymore. Looking forward to a shinny game this weekend (very rare to have shinny ice time here in HK) where I will get a chance to make adjustments when I sit out in the three goalie rotation.