I agree with Nacholibre. That is not a 5cm drop between the seat and bars. However this is significantly better than before.

I would flip the stem and add a spacer or 2 to get the similar bar height for asthetics. Right now it looks like a radio tower in the middle of your dash. Lookslike you have plenty of room to get more agressive as you trim down.

IMHO still think you would be better off on a smaller bike. But if it works for you, RIDE THE SNOT OUT OF IT. I rode a bike that was to big for me for 13 years with no regrets, but look forward to scoreing a better fit in the near future.