Performance improvement: "Clipping Strength" is now automatically determined per sample! So the slider setting is ignored (in Composite mode; I can probably make the same change in the traditional clipper).
I'm now getting similar clipping strictness at Strictness 11 as I got at 16 with the previous version. So I think (not really tested much yet) that you can probably reduce Strictness by about 5 points in this new version.
Per step the CPU load is *slightly* higher than before but it should be a very small difference.
For some extra performance improvement, disable the new '16x oversampling in pre-clipping' button; if there are no drawbacks to this (ie. if noone hears anything bad) I'll remove the button and make that the default behavior.
Stand alone:
http://www.stereotool.com/download/ster ... 20-009.exe
Winamp DSP:
http://www.stereotool.com/download/dsp_ ... 20-009.exe
VST:
http://www.stereotool.com/download/vst_ ... 20-009.dll
IMPORTANT: To get a good sound from the composite clipper:
1. Enable it

It's an option under Advanced Clipper
2. Under Advanced Clipper -> CPU, set 'Strictness' at 11 or higher (higher is better; there's probably not much gain above 15 anymore though; 11 looks pretty good already so a bit lower values should still be ok).
Warning:
You will need a license update to use this! Otherwise the 'unregistered options in use' thingy will pop up, and you'll get messages through the music (every 4 hours).