That bike is small!!! Way small...

Going by the visibility of the hub with the bars is old school and not valid. As you have noticed, it is dependent on how far you can lean...

You set your fit by adjusting saddle position first based on your position over the cranks and then adjust reach based on stem side. That is of course assuming you have a frame that is in the ball park size wise, which yours is not. You never make adjustments to reach by adjusting saddle position.