Much better! You can now choose to go shorter a TINY bit depending on how you like it. But basically now it is in the sweet spot range, where as before you were just plain too short. Now at this point you can play with the lifter adjustments, both the tension and the shoulder attachment positions, as well as the shoulder strap lenghts knowing the foundation is correct.
A possible remaining issue now is that your shoulder straps are probably adjusted too long, and the lifters too short. When you put you pack on you are going to want to adjust the straps in this order - waist belt, shoulder straps, load lifters, sternum. Possibly reverse the last two. You need to loosen and readjust them again each time you put the pack on.
So yes, as you inferred, there is indeed a hard limit on the torso length for an adjustable pack. The load lifters should be attached to the top of the frame with the straps attached below that. So as you lengthen the the torso length the distance between the place where the straps attach and the load lifter attach gets shorter, ergo smaller angle. The good news is if you have the right fit the lifters will not need to lift the weight off your shoulders. It is better if you have a pack that, when properly fit, has the lifters attach above, but the torso length will do nearly all the work for you if you have the right fit.
If you are carrying a 60 lb pack and the fit is not absolutely perfect, there will be a small fraction of the weight transferred to your shoulders. The problem is that a small fraction of a lot is still a lot, and shoulders are sensitive. This is when load lifter come into their own - they adjust the load off you shoulders to make it bearable. Also they allow you to make fine scale adjustments on the fly while you are walking - very useful when things inevitably shift around during the day, and depending on the terrain. Ideally the load lifters BOTH transfer the weight off you shoulder and back to you hips through the frame AND bring the pack snugger to you back, hence the old chestnut about the %45 angle. But for lightweight packs the former is not as much of an issue. So ideally the angle IS supposed to be there, but a good torso length fit makes the lifting function almost superfluous.
So in the picture above it now looks like the shoulder straps are a bit too loose and lifters are too tight and possibly the attachment positions should be tweaked. A good way to adjust the lifters is to put on the pack and loosen them all the way. Make sure the waist belt is in the right spot and tightened. Now take a few laps around the room to make sure it feels OK and has settled. After that tighten the load lifters until they are JUST tensioned. This should be about the best, but you can go for a little more if it stabilizes thing more to you satisfaction. But that "just-tensioned" length is in the close vicinity of perfect.
All of the above said, unless you have wobbling or other stability issues, if where it is at now feels good to you (you should have almost no weight on your shoulders now) then you can probably stop and be satisfied. But it will not hurt to now learn about and play with the other adjustments.