Yup. There is no safe zone, a lot of HUD elements are on the edges of the screen. Luckily any semi-modern TV can have it's overscanning deactivated in the settings menu. And only HDTV's overscan by default. PC monitors don't.
That has nothing to do with overscanning. Overscan is some bullshit all TV's do out of the box by default. It's an artificial zoom in that cuts off the edges of the screen. You're missing out on 5 to 10 percent of the image. Also, it's reducing image quality and FOV. Sucks doesn't it? You need to set your TV to just scan/screen fit/picture fit/dot by dot or some shit like that in the TV's setting menu to get a screen fitted image. My samsung overscans on 16:9 mode. I have to set it to "screen fit" to get a pixel perfect image.
This is how the display area should look
on a TV where overscan is deactivated and you're getting the properly sized image. Look at the player 1 and player 2 text on the top left and top right of the screen as a reference point.
This is how the display area looks
on a TV that overscans by 5%. Pay attention to the edges, look at the player 1 and player 2 indicators on the top left and top right:
This is how the display area look
on a TV that overscans by 10%. Pay attention to the edges, look at the player 1 and player 2 indicators on the top left and top right: Look at the top left, you can't even see the text: "free match, party vs"
The character's right fist is completely cut off and gone in the 10% overscan image. Most people are overscanning by 5% because that's what TV's default to out of the box when you first hook it up.
Most people's TV can correct for this - but a lot of older TV's not only force overscan with no way of turning it off, but they overscan by 10%, as if 5% wasn't enough... TV companies man, so fucking stupid. Anyways, side-track I know, but I wanted to clarify this just in case somebody is playing this game and they are like, WTF SNK can't even properly fit an image on my TV. No, they can - it's your TV that's fucking up, not SNK.