Dieted down, bulked up, looking good, not-so-good...
Take a cloth tape measure and snug it (not too tight) around the belly-button and the lower back fat.
What do you get? Be honest.
Right now I am 201lbs. 5'6" at 14% bodyfat. My waist is at 37"
I have a big waist, and it isn't covered with fat. The suckage.