As do most I've found kviek strains that is.An overpitch does causes excessive krausen, but it's not too big of deal. A severe underpitch is way worse. Lag times are important to watch because it tells you a little bit about your pitch rate without getting too involved or technical. Generally 8-18 hours is a good lag time for ales. It lets you know the pitch was healthy and about the right amount. Lagers should be 18-32 hours. This is all depending on pitch temperature. Higher fermentation temperatures will increase the krausen as well.
English yeasts (Wyeast 1318 is a good example) and German Kolsch yeasts (K97, 2565 and even 1007) are most susceptible to a really high krausen because a lot of them are top croppers, meaning they can and do flocculate up. CO2 gets trapped under the yeast that flocc's upward and creates a excessive krausen.
English yeasts in general can tolerate a lower pitch and may benefit by from this because ester production is increased by the lower pitch. I wouldn't think it was as good of an idea with German Kolsch or German Alt yeast. Generally those beers are low in ester production, so head space is key with those beers.
S04 is a English yeast that tolerates low pitches very well. I pitch 1 pack (11 grams) into a 7 gallon 1.058 OG beer and it works great, although lag times are pushing 18 hours. The krausen is about 1/3 the height as compared to a normal pitch (.75 million cells/mL/degree plato)
Kveik is an entirely different beast. Underpitch and it has a 2-4 lag time. Kveik Voss has a fairly low krausen.