I use one on most client projects to get a completely transparent gain lift, before hitting the final limiter. How much gain you can achieve is completely track dependent. You can clip very short, high frequency transients a fair bit before it becomes audible, whilst extended bass tones may not like any clipping at all, it's immediately audible.
On beat driven projects I can usually shave the top 1-2dB off of hats and/or snares transparently. I look at it like a little bit of free gain. If it ever becomes audible, I back it off.
I use StandardCLIP in Hard Clip mode with the highest quality settings and masses of oversampling, FWIW. I never use clipping as an effect.
I never clip the Capture DAC after the analogue chain, unless the client wants things very loud, as I prefer to capture a completely unclipped HD version for future-proofing/archival purposes.