Measure either side, crank arm down and at the same angle as the seat tube.. From the center of the pedal bearings, up to the top of the saddle? tell me what you get. You can have your knee bent, and still be pointing your toes. At the bottom of the pedal stroke, your shoe should almost be level, with the heel only slightly elevated.,,,,BD

Unless you're measuring your inseam length wrong? I figured the cranks at 175mm, and the frame is a 58cm, correct? That would leave the top of the saddle about three inches above the top tube, if you truly have a 32 inch inseam? I am guessing you have more like a 36 or better to even reach the pedals with the saddle that high?

That saddle would be borderline too high for me, and I'm 6'1"... I ride a frame two cm's larger than that, and of course the saddle to bar height is a little less extreme.