I have see this as well. I am closing rapidly on a lower E (lower altitude as well) bandit and see the impending overshoot. I He startsa break and I go into a zoomand roll my wings in the direction of his break to watch him. I then change my lift vector in the direction of his heading. He then pulls hard into me trying for a snapshot. at this point I have a couple of options that I think worthwhile. I know he has spent even more of his energy and that is a definately plus for me in my P-47. Depending on other factors (altitude, position, numbers of other enemy) I would then roll my wings level and continue in the zoom my AC is already in. ( I am no longer in a yoyo, just trying to get him slower) If he chooses to attempt to follow, he will have to roll his AC 180 degrees and and attempt to pull into the the same attitude as my AC. Very rare that a lower E AC can do it and even rarer they will get an effective shot.
If the energy of the bandit is much closer to yours, or if the bandit is an AC that builds energy much faster than yours, then I reccomend a pure vertical manuever to regain all of your energy in the form of altitude. I am assuming on you are in a 109G10 and he is in an AC that like a LA7, or Spit9 which builds energy very fast and can turn inside your radious. Just exactly what I face in a P-47 in the MA. Only your AC climbs much better than mine:)