Reporting back after two days of using this bag. It's light on the shoulder and I appreciate the generous strap drop. I use it with sides clasped and it does not look bulky at all. In terms of compartments, it has two deep pockets on each side (total four) and one large zippered pocket on each side too (total two

). I secure my wallet and card pouch within the zippered pocket. Loose items like key pouch, lip balm go into the open slip pockets. The slip pocket is so wide that I can even fit a notebook and envelope within. The spacious wide interior offers plenty of space for my Hydroflask, umbrella and a sweater.
My initial apprehension about this being a printed bag and hard to match is gone. I've worn it with a plain yellow tee and a Cobalt blue tee with jeans and don't feel awkward at all. So says me whom had rehomed all her Neo Fantasie LPs as I found them looking a tad busy on me.
To conclude, highly recommend and I think it is a nice complement to your XL 1948 since this is a large.