Don't try to copy Michael Angelo's picking position precisely , it may not work for you .
I was a classic/spanish finger picking guitarist when I first started for 2 years before I began with elec and I think that it helped me a lot.
Probably your problem is that you forgot how hard and time consuming was progressing in your guitar technique since you are an advanced finger picking now .
As a classic finger picker , I believe you have more controle and strength in your picking fingers (fingers holding the pick) than most elec only guitarists which gives you an advance .
The only advice I can give you is a one I've read long time ago in a beginner book , which is to practice infront of a mirror , closely watching your technique ... Take care that the main motion comes from the fingers , regardless of your hand/wrist posture is.
You can angle your pick , which ease the playablility somehow but takes out clarity , attack & the definition of the pick , and make a siginificant tonal difference between up and down strokes , or you can have less angled pick (or slighlty parallel to strings) which gives better tone and attack , and evens the tone of both up and down strokes.
It's your choice , and I can't say which is right/wrong , or which is better/worse , since lots of guitarists use either technique exclusively or both ... Personaly I use both for the variation of tone on purpose , but I usualy prefere the tone of a less angeled pick.