I've worn my Prince Charlie with waistcoat and without, both looks are fine.
As was suggested above I did wear a bow tie with either look, and when not wearing a waistcoat I wore a belt.
I wouldn't worry too much about matching fabrics- in my experience proper UK Barathea generally matches well enough.
I will note that the black "Barathea" waistcoats that our band members purchased from J Higgins weren't a true black and didn't match in well with our UK-made jackets.
I did have to alter a Prince Charlie style waistcoat I bought ex-hire on Ebay; though not listed as "long" it was.
Happily the arm-holes were long ovals so all the tailor needed to do was to take in the shoulder seams a couple inches.
Proud Mountaineer from the Highlands of West Virginia; son of the Revolution and Civil War; first Europeans on the Guyandotte
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