Is that how far up on your wrist you plan to wear the watch? If not, position it a bit further back to help visualize. Also, I find that it's better to roll the sleeve up to visualize the size with the rest of your forearm.
I know I'm being technical and picky here, but I was in the same boat when shopping for mine, and I wanted to be 100% sure I didn't find it to be too large, so I tried it on with a t-shirt, various points of my wrist that seemed more comfortable, etc. I personally find most watches, and in particular, panerai, to be more comfortable when sitting a bit further from the hand so that crown guard doesn't restrict movement.
Goodluck! It's a beautiful watch.
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