In the good old days a ball park estimate for frame size was the measurement of the rider's inside leg less 10 inches. I have a 29" inside leg (crotch to floor) and am comfortable on a 19" or 20" inch frame.
this of course doesn't take into consideration other factors such as the length of the top tube.
Hi compo. The is a very very arguable/questionable statement to make,even rather subjective.
I would be in deep shoot if I were to have adopted that line of thinking in the early to late 60's. I currently stand at 4'10" tall and with a 23" inside leg measurement in bare feet,in the early 60's I was 4'11" and the standard banter of the day was that if my dad had pushed a bit harder I might have reached a full 5'.
If you are referring to the ability stand-over the frame with both feet flat on the floor then that does make sense but there again that would have had me still riding teenagers frames on 24" wheels and with a single-speed free-wheel.
As it happened during the early to mid 60's was riding the 19.5" Hetchins Curly in the attached image and with full 170mm cranks.
When it came to a standstill I would always come to rest with my left leg extended to the ground and the cross bar under my right thigh.
I rode on Sprints and Tubs everywhere I went.
Even now I ride a 20" frame (Steve Goff) but since having had a replacement left knee in November 2007 I am limited to 140mm cranks to enable the full circulatory action of the cranks.
I also have a 20.5" Benotto 850 Modelo also on 140mm cranks but with the seat adjusted a tad lower accordingly.
Everything about my cycling and riding style is subjective even down to the careful choice of frame geometry and accessories.
The Steve Goff is fitted with a 100mm stem and the Benotto with a 125mm stem,both afford the same degree of riding comfort and at pushing 72 years young that is important - no head down - arse in the air posture from me it is all about still enjoying my late life cycling albeit I avoid the wet weather runs that once were just an inconvenient part of a of a club run/training evening out.
My reasoning is that I don't wish to get my bikes filthy and spoil the paintwork and bright-parts.