Clipping is when audio loses quality because it's mixed so loud. Fridmann understands dynamics so, as much as Tommy might hate the man, his albums aren't clipping all the time. He, in fact, uses the unique opportunities offered by the production seat and the mixing board as an additional instrument, lending all his records a particular and identifiable sound. Albini and, arguably, Jim O'Rourke do the same, but in a markedly different way.
I like Fridmann's sound. Unfortunately, Gryff, I think the CYHSY record has problems for a lot of other reasons; the only track where I thought the clipping was really pronounced was the first one. The rest of the album was the band's fault.
P.S. Tommy, where in "Breaker" does it clip? On the completely awesome guitar solo?