No, but it’s pointless, stripperiffic, and impractical, especially for a highly athletic hero who’s always moving around and presumably doesn’t want to have to worry about constant wardrobe malfunctions.
It’s clearly designed by a man (two men, even; Bill Mantlo and Ed Hannigan) for male view, which is hardly uncommon in comics but is notably stupid for an actual outfit (unlike Cloak, whose outfit is magically generated, Dagger’s is an actual costume she wears under her clothes). It’s an interesting design but that’s always marked it down in my book.