I think it depends what you want...
If you want feedback on your ability to write a script, send them the script you've already written. Regardless of story changes, they may be able to provide you with valuable feedback on your work and ignore the flaws with the story itself.
If you want feedback on the script you are writing, I would say don't send them the script. Send them the overview for opinions, perhaps, then send them the revised script when it is ready.
If you want feedback on both... I dunno! Ask them what they'd prefer, I guess.
They may be able to suggest different ways in which your story should be reworked, so don't necessarily discount them immediately. Perhaps it would be worth giving them both an outline of the script in its current form and also the latest revised outline, so they can offer opinions on what you seem to think requires the most immediate feedback. You may find you have been a little too hard on yourself. ;)
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