I have what I believe to be a transitional Molly with the greyish skin. She is also much chubbier than my other AG's and has a bit of a hunchback. I only mention that because this set is adorable on her and the sweater fits her very well. It's oversized, as it's meant to be, but not nearly as large as on the OP's doll. I pair the sweater with skirts and coordinating beret's (if you have Molly, you tend to have an inordinate number of berets! ) and it looks adorable. I also like the leggings, they're a basic piece but the color is nice and a good alternative to bluejeans. I bought the set used on Ebay and it didn't have the matching socks or hair bandana, but I found a lady on Etsy to replicate the socks.
I give this outfit an A, with much of that being for the quality of the sweater. It's a good, basic winter outfit with definite mix and match potential for the sweater.