It drops down out of the way fine it just sits a tad high in its highest position maybe. When the seat is in the highest position my toes just about touch the ground and theres a slight bend in my knee at the bottom of the pedal stroke, which i think is about right, but I'd have just liked a bit of adjustability in case I need to lower it a bit after I have properly tested it as I haven't really been out on it much due to the weather. I think if i'd have gone for the XL frame it would have been too high, so i'm glad i went for the L frame. The dropper is a 150mm, so i think a 125mm would have been better for this size frame.
I got the same impression about dropper posts as your responses when looking online, so think its a definite keeper then.