I do know what you mean; I experience some blocking of the top of the instruments and indicator mimics with the wheel in the right place for me in my F10 - and my E60 was the same. (I'm 6ft 2").
Mine is a sports wheel (in an SE); although they are more comfortable to hold (IMHO), they don't solve the problem and I just accept that I have to duck slightly to check the flashing arrows occasionally.
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