About one in-game inch above the Dragonfly Regalia chest piece on a female body. If you move the camera low, you can also see that the inside floats above the Dragonfly Regalia helmet as well.
This is understandable from a design perspective, but it makes the hood look abnormally tall. Then, from the back of the head, you can see the helmet clipping through the hood when you look down.
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I find armor glitches in my camera view when I look down the sights of my bow playing a hunter male. It could just be what I’m wearing at the moment but I doubt it. Very annoying when I’m trying to pull of precision head shots.