Thanks all for your welcome and your suggestions. Looks like I won't be lowering it after all, I will however change the seat. Thanks for the suggestion about the classic seat will definitely look into it.
Welcome from Cape Cod, MA. Dont lower it. I am 5'8" with a 29" inseam. I tip toe it at stop signs but I have scraped the pegs a bunch of times. Lowering the bike will get you in trouble.