I have heard that Rav Moshe Feinstein ztsl held that tzitzis should be tucked in. Can somebody give a nice summary of the reasons behind his ruling?
I had discussed this once with Rav Reuven Feinstein and he had showed me the source, although my notes only say Magen Avraham 8:13. M"A mentions there that even though the talis katan is under his clothing and therefore not readily seen if torn, one does not have to remove them on Shabbos because of kavod habriyos. If the strings were to be worn out, this explanation would not work. I also recall further proof from the halacha of not wearing tzitzis out in cemeteries, but I can't recall the specifics at this time. I will try to ask again soon. Regarding the dress style, I do recall him telling me that if one was wearing a shirt untucked it would be OK to wear the strings out.
I have heard from both my grandfather and a talmid of my great grandfather Harav Chaim Ephraim Zaitchyk (a prominent rosh yeshiva in Europe and after the war an author of 33 mussar seforim), that when he was meshamesh the Chofetz Chayim, he saw that the Chofetz Chaim tucked his tzizis in. I do recall the idea that the Chofetz Chaim in Mishna Berura writes that at a cemetery regarding of whether wearing tzizis is an affront to the dead (as it mentions in the gemara in brochos not to do mitzvos in front of the dead because they no longer have the oppurtunity) that it is not because it is under his frock (or something to that idea) implying that we wear our tzizis inside our clothes. I heard from the talmid of my great grandfather, that it must be that whoever completed the Mishna Berura wrote these halachos.