In recent years the original Clinch Knot has been supplanted to such a degree by the “Improved Clinch Knot” that the regular old Clinch has fallen by the wayside for many anglers. Anglers even refer to the improved version as the “Clinch Knot”.
The biggest issue with the Clinch knot is that it does increase the chance of the knot slipping and you losing a fish and tackle if the knot is used with Braided line. The Clinch knot does work as a fast knot for tying hooks and lures to a mono or fluorocarbon leader.
I would personally avoid using this knot if it you to tie a hook or lure straight to braid.