Even with 165mm cranks, my 1970 Peugeot UO-8 commuter has a few mm of toe overlap, because my forks are shorter in rake than stock and because my 27 x 1-3/8" knobby tires are perhaps 1/16" / 1.5mm larger in radius than the stock Michelins or Hutchinsons. The only time I ever notice it is when I start up in the parking lot at work. As the others have mentioned, this is not considered a safety problem, although I recall the Consumer Product Safety Commission getting all hot and bothered about toe overlap during the bike boom era.
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"Far and away the best prize that life offers is the chance to work hard at work worth doing." --Theodore Roosevelt
Capo: 1959 Modell Campagnolo, S/N 40324; 1960 Sieger (2), S/N 42624, 42597
Carlton: 1962 Franco Suisse, S/N K7911
Peugeot: 1970 UO-8, S/N 0010468
Bianchi: 1982 Campione d'Italia, S/N 1.M9914
Schwinn: 1988 Project KOM-10, S/N F804069