I think there's missunderstanding about what do you mean by clipping.
If we really speak about clipping (= hitting 0 with no limiter dynamic processing) then it's imho really bad idea on the master channel. Your mix can get played by something with shitty interpolation and you'll hear heavily distorted mess.
This same clipping on individual channels is funny, becouse if your DAW works with floating zero point values (it probably does), going above zero has no audible effect apart from volume change. ...and the meters get red.

If you mean clipping as a form of distortion (intentionally, made with waveshaper for example, may be with some filters to tame it), then yeah, it can be cool sounding. But be careful about the terms. "Clipping" is technical term that in recording industry usually means a problem.