Hi! I love the way the type scrolls around the wrist. I think the rest of it is too small. There is plenty of space to move larger words and still follow the crease of the hand if that is what you are doing.
I would suggest and experiment, taking one of those words or the whole section of "Morrisey... little man ..." and trying a displace filter on it. I think the hand is smooth enough it wouldn't mess up the letters too much. Sometimes when you have thick text it ends up getting too broken up on the edges.
Or you might take the pen tool, create a path that subtly follows the mound of the palm and type Morrisey along it.
A displacement map in order to use the displace filter is actually easy. The idea is to get the letters to follow the shadow and light of the image they are on. So you will make a "map" for them to follow.
Right click on the hand layer, choose duplicate
In the popup window, in the dropdown, choose new and name it
Click OK
Flatten the document
Save it as a psd
Go to your type layer; I like to right click and make a smart object first
go to filter>distort>displace
You'll be given a popup window; just use the defaults to start with
choose your map and let Photoshop do the job for you
Here is where the smart object can help. If you think there is too much displacement in some areas but are happy overall, click on the filter mask. Choose a soft black brush and paint away some of the effect of the filter. If you are not satisfied overall with the filter effect, before you give up on it, undo your results (or because it is a sm. obj, drag to trash), redo the displace and change the setting, you can even try negative. If you like the way this filter works in general, look up how it works. It is one of the oldest filters in PS.
I'll try to do a sample of this application for you. Bit short on time. But someone else can help too.