on sharp transients, hard clipping is generally not a problem. if anything it’s better for most use-cases because it is guaranteed to knock out anything that goes over the threshold whereas a soft clipper will leave something behind. in other words, you would need to lower the threshold further with soft clipping if the peak level is a problem.
also, both will result in obvious distortion if used on anything with a bit of sustain: your taste should determine which one gets used and by how much. both are effectively waveshaping and can be used much like any other form of saturation.
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