Last year I bought some red lace on ebay and it's a perfect match for this fabric. Believe me there was no planning regarding either the lace or fabric purchase.
I've used french seam finishes on the side seams. The sleeve hems are overlocked as are the sleeve and neckline hems. I've used the wider swimwear elastic because it's clear but strong. The red lace has been used on the sleeve and waist elastic casing on the rightside of the top.
I did have to loosen the elastic gathering all over the top so that it didn't look too much like a clown top. The neckline has some depth to it without looking too frumpy. I've also used a rolled hem on my overlocker (remove the left needle thread).
I'm not sure when I'll wear this. I do have plenty more of this so I might try a soft skirt/top or try a '40's style dress.