Yes, it is possible to have an overpressure and still not function the slide of a short recoil action gun.
As a thought experiment only, taking it to extremes, a listed max load of Bullseye and a heavy jacketed bullet seated all the way down until powder is compressed, no air space, will blow out the base of the cartridge case at the unsupported area (feed ramp) of the chamber.
OK, so that's not a listed load exactly, since COAL and maybe bullet weight is all wrong, but it demonstrates the possibility.