Hi, leave about 2" hanging over and cut. When I install a liner I tuck all of the excess back into the pool so there is an even two inches hanging over on the outside.
The only time this excess would be needed is if you drain the pool and the liner shrinks. But you would never do this, right?
A vinyl liner should never be completely drained unless you are changing the liner. Therefore I would say you are OK to trim.
Later, Dennis
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