If the successor block has a phi node, then additional moves may be inserted into predecessors, which may clobber eflags. Don't try to fold the with.overflow result into the branch in that case.
This is done by explicitly checking for any phis in successor blocks, not sure if there's some more principled way to address this. Other fused compare and branch patterns avoid the issue by emitting the comparison when handling the branch, so that no instructions may be inserted in between. In this case, the with.overflow call is emitted separately (and I don't think this is avoidable, as it will generally have at least two users).