Thank you for being more specific, it was not clear to me the first time.
It is not true that any road/track geo frame 54cm and under with clips will always have toe overlap, as my Dawes SST in 54cm does not have any toe overlap, not even close. I also believe that the 53cm IRO Mark V does not have an overlap issue, asfaik. Unless you are considering these frames touring, hybrid, or mtb geo then i'd have to say that no, not all 54cm and smaller track/road frames have toe overlap.