I had a v1 Clutch (well Sunday Cyclone since it was way cheaper, just without external slack adjustment) for a year and a half. Never had any issues or had to do any maintenance during that whole time. Ended up developing a little side to side play in the wheel. Asked Odyssey if I was right in my assumption that it needed a new non-drive shell bearing. They suggested a couple fixes and gave me a list of improvements they made on the v2 hub and offered to sell me one at a very good discount. I took them up on that and have been running it for 6 months without a single issue. Replaced my 10 year old Marmoset with a new G-Sport Simian to match the polished Clutch v2 I bought (and get better guards than the trashed Knight and BSD ones I had for the Marmoset).
Been running coasters for 10 years down and I'm super impressed with both versions of the Clutch. Saw everyone else blow up KHE, Federal, and Alienation coasters. I ran a Poverty 10t coaster for a few years before I sheared the driver in half. Replaced it with an Odyssey Reloader and out of the box I had to make custom springs to replace the stock butterfly springs. Put in the thrust bearing from the Poverty. Both of those I had to rip apart for maintenance once a month. Clutch would start sticking and not disengaging smoothly, and the driver bearings blew up after 5-6 weeks. Also had periodic issues with the resistance mechanisms resulting in slipping.
The Cyclone and the Clutch v2 have never once slipped on me, stuck, or blew a bearing up. It's a game changer not having to work on a freecoaster more often than a cassette. The v1 didn't have quite enough slack so I bought the non-adjustable max slack spacer and it was perfect. The v2 with the adjustable spacer had just a hair less slack than the v1 with the max slack spacer, and ended up being the perfect amount of slack. About the same amount of slack as my modded Reloader had. Almost never engages by accident, and there's still the option of more slack if 3/16" of a crank isn't enough for you with 28-9. Plus the dual 14mm bolts into a 20mm female axle means I no longer have to worry about damaging an axle. Both the Poverty and Reloader were discontinued when I had them, I had previously bent axles on 14mm male cassette hubs, and replacement axles were not available for my coasters. Now I don't have to worry about peg chinks or a drive side peg turning my rear hub into a paperweight.
I also ride more often now than I ever used to with the older hubs. I even go on 20-30 mile road bike rides with a freecoaster on a 20"...