If it's dripping, it's leaking. It's overflowing because of pressure. The extra pressure is from heat or pressure is being introduced into the system. Could be getting hot because of jetting, radiator issues, head gasket issues, water pump issues and/or the coolant itself.
Do you have a way to check the coolant temp? An inline temp gauge would be helpful.
Check the radiator to see if the fins are nice and straight and is clean between the fins. Also check the shrouds, they should fit tight against the radiator. Is the water pump leaking? Have you done a leak down test? Lots of people are running larger radiators, and is recommended for big bore motors. Wouldn't hurt to flush the radiator also.
I don't run a reservoir, but I run the overflow tube down so it would drip onto the pipe, so of it does start to overflow I could see it steam and also smell it
I have heard of people running a higher pressure cap, but to me it is masking the real issue. Obviously if you lose coolant you are in more danger than if the coolant is running hot, but ultimately we want the coolant to be within temp range.
Hopefully this helps.