Parameter collection overrides defined in the Niagara system's System Properties do not work.
In FNiagaraSystemSimulation::GetParameterCollectionInstance the return value of GetParameterCollectionOverride is not stored, so the overrides are never used.
RESULT
The emitter still spawns particles, even though it should have a spawn rate of 0.0
There's no existing public thread on this issue, so head over to Questions & Answers just mention UE-97301 in the post.