OverscriptBox is the low-level representation of Overscript. Except for low-level notebook expression manipulation, OverscriptBox should not need to be used directly.
For these special cases special input forms such as x\&_ can be used.
The baseline of OverscriptBox is taken to be the baseline of x.
OverscriptBox is usually output with y in a smaller font than x.
With the option setting LimitsPositioning->True, y is placed in an overscript position when the whole OverscriptBox is displayed large, and in a superscript position when it is displayed smaller.