Jamie,
The "golden rule" based on a table top thickness of 1 1/4" dictated that the legs be 5.29" from the corner in the retracted position and that is what I had planned. There's really no reason I couldn't push that to 6". Also, I plan on "clipping" a 4"-5" off the corner of the tabletop so it somewhat mimics the octagon on the legs. Those sitting at the corners would be angled a bit.
Thanks for the input! Keep it coming!