RE: SAY IT ISN' T SO!
P&Y won' t disqualify you for using an overdraw because of the reasons mentioned by the other astute contributors. However, I' d recommend you toss the darned thing, anyway. At one time, the only way to get arrows light enough to top 250 fps and still be spined stiffly enough to shoot OK was to use an overdraw and the shortest, lightest aluminum arrow you could work with. The tradeoff was that the damned things were extremely difficult to tune perfectly, are very unforgiving, and have a tendency to be noisy and rattle loose. Nowadays, with faster bows and a wide variety of well-priced carbon shafting, an ovedraw has outlived it' s usefullness. You' ll shoot better with a full-length carbon shaft that' s the right spine and weight for your performance expectations.
Of course, if you really love that overdraw, then ignore everything I just said.