Clippers literally add something to your mix. Specifically, new frequencies that you didn't record yourself.
When they're working well, they generate harmonic distortion, which can be a good thing in moderate doses. Other types of distortion are "inharmonic", meaning the generated frequencies are not harmonically related to the original frequencies. The result of inharmonic distortion ranges from fingernails-on-a-chalkboard dissonance to very subtle "I can't tell why, but my mix sucks".
Although a clipper could easily be designed to rigorously shave peaks at an arbitrary level, it isn't done because such abrupt changes in the waveform result in inharmonic distortion. A well-designed clipper (which KClip qualifies as) minimizes inharmonic distortion by applying a less-sharp knee, sometimes referred to as "soft" clipping.
Soft clipping generates mostly harmonic distortion, a good thing in moderation. Controlled moderation, that's the operative concept. I like harmonic distortion, but I want it to be there on purpose and under my control, not as an accidental side-effect. For that reason, I don't use clippers on the master, only as a special effect on individual tracks. That's just a personal choice, though. Lots of people use clippers on the master like you do.
One of the most common ways mixers lose control over clipper-generated harmonics is by relying on the clipper to do too much. With the clipper on the master bus, you can easily go from a nice-sounding setting to nasty grunge by simply making a few changes to your mix balance. Limiters can suffer the same phenomenon, but the effect won't be as drastic. A good limiter will adapt to small changes in levels.
What I'm saying is: don't rely on the clipper to do the job a limiter should be doing. If you like the effect of the clipper, preface it with a compressor and/or limiter so that the levels hitting the clipper are fairly consistent. That'll let you tweak the threshold to taste and keep it under control.
I'm also concerned that your thresholds are too high. There is no benefit to pushing levels right up to 0dB, and there are risks. If your peak meters show 0dB, it's quite likely that you're introducing distortion that may not show up until you play back an MP3 or a CD. Better to set the limiter's ceiling to between -0.3 and -1.0 dB, or perhaps even lower, especially if MP3 is the primary format.