It seems to me that the overarm grip has no thrusting power nor reach. I'm no reenacter though, and I've never touched a replica of a hoplitic spear. I've recently read an article by Christopher Matthew in which he argued for the underarm grip, however I am sure that the overarm proponents have their arguments as well - and I would like to hear them.
Hi there -- you may be interested in this older answer from u/iphikrates on the topic: https://www.reddit.com/r/AskHistorians/comments/66xtyc/how_hoplites_wielded_their_spears_icepick_vs/dgrx57f/