If you have DS4P or the CCTs you can go this route:
Load clothing into scene but don't fit or convert to Genesis
Convert to TriAx weight-mapping (Scene option menu, Edit sub-menu
Open the Transfer Utility (Scene option menu, Asset sub-menu)
Under Sourceselect Genesis for Scene Item and Clone for item Shape, then in the dialogue that pops up select the figure the clothes are for.
Under Target select the clothing
If desired select a projection template
Click Show options and select Reverse Source Shape from Target.
That should convert while keeping morphs

this processwas used to convert V4's Hooded Cloak and the Morphing Fantasy Dress to Genesis with reasonable success.