Regarding the clock. I just think would be nice to have a clock displaying in a seperate area so you wouldn't have to toggle through other timecodes and/or see it in 24format.

I agree, and asked for this awhile back. Everyone yelled at me saying that there's already a clock and they didn't want it because of burn-in, to which I replied it could be periodically shifted one pixel in any direction to avoid this (or they could use a lower intensity shade.) In any event, nobody liked the idea. I think having to choose EITHER timecode display OR a clock is frustrating. (Please, no responses telling me to use one of the clock visuals.)