The words aren't overlapping, though, the top's are simply being cut off. Like this:

Here's what the words looks with Before and After set to 0:
At the end of the day (though very impractical and time consuming), all I want is was what I can achieve through Photoshop:
As for why I need this option, it's for a mailbox. Not much room for names, and, of course, many names that need to be listed, so I'd like to save as much space as possible.