Recently had some Tuki overpants that were quite nice. I was hoping they'd be flowy but they're made from ripstop cotton so not rly much drape unfortunately. however, they really opened my eye to how great balloon pants (and all pants with adjustable ankles) are.
You can wear them wide and uncinched

you can kinda tighten them for a loose taper

and you can fully tighten them for stronk taper

so many options with just one pair of pants! you can even roll/cuff for interesting results.
- Only place to buy Tuki is from Japanese stockists or yahoo japan/rakuten/etc