Over-square is fine, to a point.
For the most part, the taboo of over-square ops is myth. The other referals here to Deakin is good, and vital. I love his lean while climbing strategy, saves fuel and climbs faster.
If you look in the Lycoming operations manual for your engine, you can find implied limits on how far over square Lycoming is willing to run engines. Look at the charts labeled "part-throttle power curves" or something like that. (I don't have mine available right now) Anyway, look at the lines of power at constant RPM and you will see the range of manifold pressure that they run.
For example, following the 2400 rpm line, it runs up to 27 in. hg. Thats the one I remember. I think the 2500 rpm line goes all the way to 29.92 in., but I could be remembering wrong - take a look. The 2300 rpm line probably stops at 26 in. hg, something like that.
So the point is, Lycoming is implicitly saying it is fine to operate the engine there, by giving you the power curves to those points. I would not recommend running 2400 rpm and 28" hg, for example, it is off the curve.
My favorite LOP setting is 2400 and 24" - and it works out to about 8.4 - 8.6 gph on my IO-360-A1A. I will set that condition at any altitude any time (assuming I can get 24", see below)
Somewhere around 7,000 ft, I forget exactly, I can't get 24" anymore. I find that at wide open throttle, it runs a little rough if I lean to 50F LOP, so I close the throttle just a tidbit. Not enough to drop the MAP at all, or maybe just 0.1" of drop, but the angled throttle plate improves flow distribution and I can lean much more aggressively while the engine runs very smooth.
All this is with stock injectors. 3 cylinders peak at exactly the same fuel flow, the last cylinder peaks 0.1 gph less. I maybe got lucky