I know a number of people think you’re too big for this bike, but 5-8 is only two inches taller than the ideal range for a size 16 Kona. Plus there was no size 17 in those days and you may find an 18 not so much fun.
I personally wouldn’t like the bike because the bars are so low – 39cm fork, 9cm head tube, zero-rise stem and flat bars is about as low as it gets. And the 1993 range were half an inch shorter in the top tube than subsequent years, so I might find it too short as well. But that’s me – you must have long legs relative to your height, implying a correspondingly short upper body? So the length of the bike might be just right, and if you have long arms to go with your long legs, the low bars could be just right for you as well. I note you haven’t even got the stem up as far as it could be, which suggests that you’re happy.
I think the point is that you can’t judge from saddle position alone – many people with that saddle height are around 5-10/11 and yes, they’d find the bike too small. But people vary and somebody of 5-8 with long legs and arms might well find it was fine for them.
PS
I know the colour is different, but I personally quite like it.