I've been bopped on the shoulder once by a friend's 102" fiberglass whip mounted low at the rear quarter of his YJ. It caught me off guard, but didn't inflict pain in any way whatsoever. I will say the rule does seem to have some merit, but to restrict it to 54" is short-sighted (effectively that bans any & all antennas that have any chance of working decent).
IMO, I think something like this should be case-by-case (perhaps based on how far an antenna can intrude into a 3 foot buffer zone around the vehicle). I know as an example a 5.5' (66") fiberglass antenna mounted centered up at the roof is not going to present a hazard to bystanders, but the same antenna on a side-quarter still has a very small chance of it (any antenna should be mounted up high anyway, just for the simple fact that it works better even if nothing else).
In a way I have to sortof agree with mtnbike28. I tend to avoid club/association runs simply because of all the rules, politics, and structured schedules that go with it. I find FAR more enjoyment comes out of a run when it's a get-together with friends or an impromptu meet-up and we go out exploring/wheeling on our own terms (you get to see a heck of a lot more too, since you can at any time just pull off with your buds and check out that mine/ruin/cave/whatever you see).