Loupe Overlay is useful for image layouts in Loupe View (Magazine covers with text, etc) however the Overlay is not visible in Full-Screen mode [F].
If this were possible, images could be shown, or projected, 'full-screen' with an overlay similar to a watermark or Identity Plate.
Regards. My System: Lightroom-Classic 13.4, Photoshop 25.11, ACR 16.4, Lightroom 7.4.1, Lr-iOS 9.0.1, Bridge 14.1.2, Windows-11.