No and no
You need a pubic bone measurement, which will likely be quite different from 29 inches (just a hunch). Plus, I prefer at least an inch of clearance over the top tube bar. I've read a couple of posts on here where petite women ended up selling their bikes because they didn't have enough clearance in stand-over height. (I tend to have excess clearance, because I want a short reach for my height, which is 5'7'').
Your reach, or top tube measurement, is actually more important for fit. Can you find somewhere that will give you a bike-fitting, complete with taking all your body measurements, then suggest the correct bike?
That is ideal, but can be hard to find.
Sheldon Brown and
Peter White have great information on bike fit.