When doing level offs like what you get coming out of ORD, I'm commonly still hand flying, and I do the same thing I did in my last jet: lower the nose when we get within 1,000' of our assigned altitude and bring the thrust levers back myself. It requires overriding the autothrottles, but I've found I can make the level off smoother on my own (aiming to be at a 1,000 FPM climb for the last 1,000 of the climb), and holding 250 knots with the power on my own.
This might be evidence of my lack of understanding of the aircraft, but it's worked every time without a problem. Sometimes old tricks (flying the airplane) are the best tricks.