I'm 5'2" and I ride a 42cm Surly Pacer. It's a steel sport touring type bike with a steel fork. It's not light and fast, but it's comfortable and rugged enough for an all day ride. For a $400 frame, it's pretty nice. I've been riding it for about 4 years and I like it a lot.

Standover is 70cm, effective top tube is 50cm. I do have toe overlap, but it has not been a problem. It takes 700c wheels.

The 42cm Surly Long Haul Trucker touring frame takes 26in wheels but has the 70cm standover and 50cm effTT as well.

I'd love to have a Gunnar Sport, but I don't want to go to 650c wheels. Someday I may see if Gunnar can make me a Sport with the same exact geometry as the Pacer.