There are two different schools of thought on weighting with a thicker wetsuit. The goal of both is the same -- that the diver can easily hold a shallow stop at the end of the dive, with the tank down to a minimum amount of gas (usually 500 psi).
The first school advocates adjusting your weight until you are neutral on the surface with a full tank, and then adding a pound for every 13 cubic feet of gas that you are going to use during the dive. (So, if you are diving an Al80, you would add five pounds.) If you arrange yourself this way, you will begin the dive five pounds NEGATIVE with an empty BC, and you will easily sink if you deflate the bladder. This is not being "overweighted" -- it is being negative, which is totally different.
The second camp advises to weight yourself NEUTRAL with a full tank and a normal breathing pattern. Using this strategy, you have to exhale and hold it, and perhaps swim down a bit to descend in the shallows, until suit compression reduces your buoyancy. The thought behind this is that wetsuits often have a bit of air trapped in them at the beginning of the dive, and do not rebound at the end to their full expansion, so you will end the dive a little more negative than you were at the beginning. With thick neoprene, this can be enough so that you can hold a shallow stop, despite having exhausted several pounds of air into the water.
New divers often confuse "negative" with "overweighted". It is not unreasonable -- and in fact, is common practice -- to start the dive negative to a degree determined by the capacity of your tank. That is one of the reasons we use BCs! If you are sinking, it doesn't mean you are necessarily overweighted. It means you haven't COMPENSATED adequately with your "buoyancy compensator". Overweighted mean you are still significantly negative at the END of the dive, when the tank is nearly empty. This is what you want to avoid.