Yeah, as Flame points out, it makes a pretty big difference, so I hope you did switch on the option!
I got concerned that while in the engine sound editor, if anti-clip is enabled, then there is an issue that the person editing the sound can't tell if the sound will clip (because it will never clip). So that might influence the way they edit the sound.
So I think I should always disable anti-clip while you are in the engine sound editor.