the defense against this maneuver is not to try to bleed speed and stay on their 6
if you see you are getting suckered and your on their 6 and close in you should instead continue past them at full speed using a small amount of evasives after you pass them and begin your climb a few seconds later than normal. if you continue diving you will be safe but you will also be co E with them on your 6 in many cases as they build speed following your dive.
basically dont begin a turn and burn move from a high b&z position if you are worried about them pulling this move on you.
the biggest key is to anticipate what they are going to do and counter it. if you know they are gonna try and make you overshoot and blast you when you zoom down at 380mph then try to sucker them into thinking they can follow your climb by breaking from your pass early.
remember.. dont be predictable. if the bad guy knows where you are going he can fly directly there and blast you when you get there instead of doing a bunch of fancy maneuvers

recap: ways to counter this overshoot maneuver:
1. dont attempt to slow down when you have so much speed, blow passed them as fast as you can jink a bit and get out of their guns range and zoom back up if you have the e for it
2. anticipate their use of this move and saddle up. chop your throttle and bleed your speed down early enough to avoid the overshoot and stay with them when they roll.
3. dont miss.

if yer a crack shot and can hit a rolling plane then shoot them down and blow past their debri. if this fails resort to step 1.