Fiction Outlines: How do you approach them?

This is for the fiction writers out there. If you're an habitual outliner, I need your opinion. Do you approach it like a synopsis, or do you go commando with bullet style?

I'm a wordy person. My first book went through numerous revisions and whole blocks of chapters ended up in the wastebasket. I want to try a different approach with my second book. I'm three chapters into it and I'm just now embarking on an outline approach. But I chose the synopsis-style route, and to be honest, my first chapter outline is dangerously close to chapter length. And that's with "tight" writing.

Comments appreciated!