"The body mass index has long been criticized as a flawed indicator of health. A replacement has been gaining support: the body roundness index." Article unfortunately doesn't give the freaking formula for chrissakes; it's "364.2 − 365.5 × √(1 − [waist circumference in centimeters / 2π]2 / [0.5 × height in centimeters]2), according to the formula developed by Thomas et al.10"
How round one wants to be is easily influenced by external factors like culture, though. I think slim bodies look sleek and beautiful, but it's probably healthier to have a bit of fat in the right places (for times when your digestive system is on the fritz)
I like the effort for a body weight stat being more complete or useful for individuals, but my efforts measuring BRI came up kind of wack too :(. We decided it judged me too thin.