Joined: Jul 2002
Posts: 40,863
Likes: 3,115
From: Sacramento, California, USA
Bikes: Specialized Tarmac, Canyon Exceed, Specialized Transition, Ellsworth Roots, Ridley Excalibur
I have had toe overlap on nearly every bike I've owned, but the only time it has ever been an issue is on an out and back time trial in which I rode my fixed gear. Tight 180 degree turn and no ability to coast through the turn.
If you have a freewheel, it should not be an issue.