You can check the college’s common data set, section C7, to see if “level of applicant’s interest” is considered. If so, then it is likely that an “overqualified” applicant is likely to be viewed by the college as someone using the college as a “safety” and unlikely to attend. In that case, the applicant would have to play the interest game to avoid a waitlist or rejection.
CWRU says that “level of applicant’s interest” is “considered”: https://case.edu/ir/sites/case.edu.ir/files/2021-12/CDS_2020-2021.pdf
Old thread on Ways to show a high "level of applicant's interest" (FAFSA order no longer applies)