I'm trying to see what corrections need be made to have the jacket fronts to fall parallel with each other. Would letting the waist out a bit at the back and side body resolve this issue? Also I feel there is too much material at the hips, too much skirt, would I take this out at where the side body meets the front body?

Too long in the front balance. Try dropping the neck and shoulder points 1/2" on both sides and re-baste.