I agree with Logan's answer. The verb "to look something over" requires further explanation (an adverb, another phrase like "in detail", or context) to establish whether it is an in-depth examination or just a brief glance.
In response to the second part of your question: phrasal verbs are constructed from a verb plus an adverb or preposition (or both), together they form a unit of meaning which is not the same as the separate parts. Also, just like ordinary verbs, phrasal verbs can have more than one meaning. Sometimes we can guess at the reasons why we use a particular adverb or preposition, but sometimes it makes no sense whatsoever. Most English speakers never consider the logic (or absence of logic) in phrasal verbs, and so we normally advise learners to not try to use logic, but just learn the meanings by using context or learning the non-phrasal verb equivalent. So, I wouldn't worry about the meaning of "over" in isolation. That said, I think your suggestions that "over" the second part of "to look something over" might have some deep connection to our eyes being physically above AND seeing to the finish are potentially both correct