I don't use the clipper switch at all. I dont like what it does. It can break up the signal sometimes. I prefer to leave it off. Do not attempt to use this as a limiter. It is not a limiter.
Also with the Nomad version when it is all set for no boost or cut etc I think you still get a 3 dB boost in level so watch that. You have to tweak it down a couple of dB to match up rms levels perfectly in and out.
I think the Nomad one still gives the lower/mid bump too because it seems to sound that way.
The interesting thing is you can use the cut in a certain area eg low end but also boost very close to the same area for some interesting low end eq shapes.
A good thing to do is to feed pink noise into it and view the output on a spectrum analyser. You will really see then what it does. I highly recommend this because until you do, you wont really know what it is doing. There is no visual feedback just your good ol ears. Which will tell you a lot of course but the spectrum analysis is quite revealing.
It also rolls off up the very high end all the time. You have no control over that. eg above a certian high frequency it just rolls off steeply. Good thing in my opinion.
It also gets rid of the 200-300Hz clug in one swoop too and it sounds killer doing it. Fantastic for putting over a mix that has some build up in that very area.