It doesn't overlap on my muscular male characters. It's probably the scaling with the waist that's pulling it closer to the body. The female's hangs farther off the body by default so it scales a little better.
The Imperial City Temple Tunic has a similar behavior. It's not so much clipping as it is a limitation on collision between layers. You can't really fix this type of fit without it becoming ill-fitting for somebody else, so it's probably staying as-is.
So, I've bought this one (while previewing it on a female bosmer) for my future male bosmer I wanted to make after 25th from an altmer twink crafter I've had. And, oh joy, it clips on altmer male. With NO PERSONALITY!
Less clipping with Melancholy and Scholar, but hell. Can anyone show me this one on their bosmer male pls?