Lestat said:so i'm a rookie. in lehmans terms, i dont want my hands too far below my hips/saddle? and upon measuring again my inseam is closer to 36.
With a 36 inseam I'd say 58 frame; BUT, as a said before, test ride and see how it feels.
The idea behind the saddle to handlebar drop is that new riders are less flexible and typically would prefer a more upright riding position. For example: racers have a much more pronounced drop to the handlebars, to "get down" in a more aero position. Casual riders, fitness riders would typically ride more upright.- the bars are closer and higher.
The frame geometry also makes a difference. Think about what your are going to be doing with the bike: sport riding? touring? Fitness training? racing? commuting? what kind of terrain are you riding? hilly? flat? What kind of shape are you in? How flexible are you?
My first road bike was what is called a "sport road bike" (giant OCR1), long wheel base, high head tube (bars are almost level with the saddle), 25mm tires (more comfort), triple crankset (lots of easy gears). I used it for casual rides, club rides, and generally to get in-shape.
Now, two years later, i ride a "competitive" bike design (giant TCR C), lower headtube, shorter wheel base, compact double crankset, 23mm tires and has a higher saddle to handlebar drop. I don't think I would have been happy if I had started with this bike at the beginning. Now, the transition seems natural.
I suggest you go to a bike shop and test ride a bunch of different bikes and ask a lot questions.