The issue is really the length of the jacket, not the buttoning point. The reason why the buttoning point is so high is because the jacket itself is really short. If you had the buttoning point at its traditional position, which is the waist, then the buttons would be too close to the hem. That would make the bottom half of the jacket look weird. Short jackets all have high buttoning points for that reason -- as you lift the hem up, everything else has to follow (buttoning point, gorge, etc). Anyway, I think OP should pass on the jacket. If you keep it though, this seems like one of those examples where the coat would look better worn open than closed. When you fasten it like that, all the things that make the proportions look less than great are exaggerated (e.g. the buttoning point issue). Lots of CM jackets don't have anything in the shoulders. The Armoury's travel jackets, Bogolioli's K line, P Johnson Tailors, and English Cut's new MTM program (to be debuted later this year or next year). Also available without vents.