Marilyn, I purchased the regular 00 in store before knowing that a petite size existed. Strangely, the 00 inseam is a perfect full-length skinny on me (I have very short legs for my height, around 29" inseam) while the 0 was a few inches too long. The rise felt fine to me in both sizes -- high rise but not absurdly high -- but I often don't have a preference in rise height between regular and petite size bottoms, mainly just for inseam.
If you don't mind having to hem the length, I think the regular sizes are proportioned fine for petites. Didn't notice any problems with the knee break either, as the fit and fabric are so stretchy.