The funny alien detailing is the only part of the suit I'm not sold on yet. I suppose the parts on his back and sides kinda look like a back brace, which works given that he's essentially a circus strongman. So it's a different way of evoking the design's origins if they're not using the red panties. I don't like the random lines running down the legs, though – as it stands, they look like there's either too much detail or not enough, depending on if you want a classically minimalist superhero costume or a modern, detail-heavy outfit.
But don't take that as negative-nellying. The rest of the costume looks totally ass-whooping major kickin' badass. The cape alone rocks my world.