Regarding the visibility of the Altura NV peloton Jersey i would have chosen something with several single wide reflective bands at the back rather than 2 small one at each side. Can be seen from a longer distance. You can simply add it to your jersey so not a big issue.
Anyway, regarding visibility at night the priority is at moving reflective bands so reflective bands at the ankle or foot (i glue reflective patches directly at the back of my shoes so that pretty much solve the issue)

Regarding a midlayer i would go with something made of wool with a hood that can go under an helmet.
This one is more like another outer layer but can also become a midlayer: wind resistant, wool blend with reflective bands (lack one at the back but can be added)
http://www.mec.ca/product/5044-784/n...0+50089&q=wool
or this one
http://www.smartwool.com/shop/men-cl...ariationId=825