Well...I'd argue that "over balancing" as described above is just trying to make a silk purse out of a sow's ear. In other words, the dry sealed chamber is less than perfect at maintaining a constant IP relative to ambient pressure and they are trying to call that engineering error a positive attribute.
There is no upside to this type of "over balancing". If the reg really has enough performace in terms of flow rate, there is no benefit to increasing the IP at depth by a few percent as if you are within a few percent of not having enough flow rate - its a crappy reg that has no business being at that depth in the first place.
And that dubious "advantage" comes at significant cost. Since even a balanced downstream second stage has a downstream bias (to ensure it can act as a safety valve in the event of a high pressure leak and resulting creep in the IP), you'd have to detune the reg to ensure it does not freeflow at depth. On a non adjustable reg, that means you get higher inhalation effort at shallow depths and on an adjustable reg it increases work load as you have to adjust it with significant changes in depth if you want peak performance.
The "denser" air argument has some truth to it, but that truth is that increased density due to increased IP does not become a factor in terms of significant flow reduction until you are down around 600' and by then you have long since added He to the mix and he flows through the reg much easier. In short, there is no density problem to solve.
In other words, this concept of "overbalancing" is pretty much a load of crap.
There are however other definitions of "over balanced"
Scubapro defined "over balanced" in an entirely different manner. The MK 1, 5, 6, 7, 8, 9, 10, 15 and early Mk 20 were all "balanced" flow through piston first stages, but because the piston stem had a constant diameter (the area of the end of the piston stem was the same as the area in the middle of the stem where it passed through the HP o-ring) that actual area of the knife edge that rested on the seat was not balanced. This resulted in a 4-6 psi difference in IP as supply presures dropped from 3300 to 300 psi. Not a big difference but a difference.
With the Mk 25 (and later Mk 20s) the end of the piston stem is slightly larger so that the area inside the knife edge is equal to the area of the stem that passes through the HP o-ring. This results in near perfect balancing with no change in IP. Scubapro called this oversized diameter on the seating end of the piston, "over balancing". In this case it actually meant something more than marketing BS as it was an engineering solution to less than perfect balancing of a flow through piston design.