I currently have a peg board with hooks. As you said the one I want is always the one on the bottom of the pile. I am in the process of redoing some of the storage in my sewing room. It is starting to look like a hoarder lives in there. A total mess. I just added a dresser for storage. Next step is my rulers. I bought these
https://www.ikea.com/us/en/catalog/products/40070185/ at Ikea. Bekvam spice shelves. They come in 2 different lengths. I am going to hang them on the peg board and just have the rulers in them. I have seen it done on Pinterest.