In 2 words, It depends. You’ll hear that a lot. There are a lot of factors that adjust the final render. In some cases clamping the result can lead to colors that aren’t as bright/vivid. In most cases it won’t make any differences if there isn’t any overexposure or color clipping. In some instances it can cause noticeable color shifting. Usually that happens when using extreme color management setting, but it’s not the only way.
