Just saw your other thread on saddle.
I concur that it looks like it's high here. I pedal toe-down (which is ruining my racing career -- haha) and still extend less than this.
My gut looking at this and reading that: lower the saddle (start with 2 cms, then move up gradually from there. Have a buddy watch you pedal from behind -- saddle should be as high as is comfy WITHOUT the hips rocking at all), potentially move it forward (note that geometry of bikes is such that as you lower it, you will effectively be moving it forward as well), and make sure that you can comfortably pedal standing (without hitting your thighs on the bars).
It took me about 10,000 miles to settle on fit. In part that's because there are so many variables; in part it's because I got a lot stronger. I was 260 when I started, 210 now.