Read Diadoros and Nepos. Some Hoplites did indeed remain in the traditional manner (with the round shield) (though almost always with underhand spears, except in the case of the heavily armored ones). A large amount of evidence for this comes from the hoplites on Sicily, who did not adopt the new shields, but rather adopted the longer spears, to counter the Carthaginians.I just don’t see the evidence for hoplites using longer spears for Hoplites in the 4th or 3rd centuries BC (aside from the alleged Iphikratean reforms). Why would a 12 ft spear be any better then an 8 or 9ft spear as a response to the Macedonian pikes? Also an underarm thrust style with such a long spear seems likely to be as hazardous to you own rear ranks as the enemy. The response to the Macedonian system was rather to improve hoplite training, and/or adopt the Macedonian system, keeping only a core of ‘select’ hoplites (presumably to fill the same role as hypaspists).
Those that did indeed change to the new and large thureos were the more 'revolutionary' of the Greek cities. Rhodes is a prime example. Agathocles of Hallicarnassos as well mentions the use of these shields. In regards to the underhand spear usage being 'illogical', think of the Macedonian phalanx. A similar system, albeit with one hand rather than two, was developed. These hoplites would have been quite useful against their macedonian counterparts because their spears and shields allowed them to be more mobile. Generally, the lighter infantry would tackle the phalanx, where these men would hold the cavalry at bay. It worked rather well.
Indeed, you are correct in your assumption about the hypaspistai role, but only partially. Some hoplites fought in this manner, but the key word here is specialization.
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