When I was in school, immediately after juries, the piano faculty would be absolutely worn out. Their faces looked incredibly tired and they were on the tips of their nerves. They just didn't want to hear anything anymore. In truth, it wasn't because they had to sit for several hours, it was because they had to sit through several hours of bad music-making. That's just torture, like being a judge on American Idol during auditions. However, every now and then, there was someone who played magnificently that the faculty was absolutely delighted and it immediately uplifted their mood and their spirits. What did these pianists play? The same thing everyone else played, only they were making music.The same holds true for auditions. You can play the most overplayed piece in piano history, but if you are actually making music, they won't mind.Of course the caveat is that most pianists don't make music, they play the piano.
But it is a bit risky to play something extremely overplayed.