OverloadedLists disables -Woverflowed-literals for values above maxBound

Summary

OverloadedLists disables -Woverflowed-literals for values above maxBound.

Steps to reproduce

In a new ghci session:

> [-1] :: [Data.Word.Word8]

<interactive>:1:3: warning: [-Woverflowed-literals]
    Literal -1 is out of the GHC.Word.Word8 range 0..255
[255]
> [256] :: [Data.Word.Word8]

<interactive>:2:2: warning: [-Woverflowed-literals]
    Literal 256 is out of the GHC.Word.Word8 range 0..255
[0]

So far so good. But once we enable OverloadedLists the second warning misteriously disappears:

> :set -XOverloadedLists
> [-1] :: [Data.Word.Word8]

<interactive>:4:3: warning: [-Woverflowed-literals]
    Literal -1 is out of the GHC.Word.Word8 range 0..255
[255]
> [256] :: [Data.Word.Word8]
[0]

Expected behavior

I expected to receive warning: [-Woverflowed-literals] Literal 256 is out of the GHC.Word.Word8 range 0..255, even when OverloadedLists are enabled.

Environment

• GHC version used: 8.10.1

Optional:

• Operating System: macOS 10.15.2
• System Architecture: darwin