[Crazy Jetty]

I'm also in the camp that Wolverine's Demonic Pikachu costume would not translate, reguardless of materials.
I personally think it's just an extremely silly looking design, with loud, bright colors in a very garish design, and a terrible mask.
As much as I absolutely hate Frank Quietly's art style, I think he's the only one who's put Wolverine in a halfway decent costume (Black pants, and a black leather X-Men coat).
Probably combine that with his X-Force costume then maybe you have something useable, and would keep continuity with the overall style of the films.
Just leave that mask off.