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There must be dozens of clipboard managers, and a lot of them are pretty likely to be an improvement over whatever offering ms puts up.
I've been using Ditto[^] for a while, now. For me, its killer feature is that it preserves the clips through reboots (with a manually editable/transportable db), but it also does all the "standard" stuff that most clipboard managers do, e.g. file copy, formatting preservation, paste options (including case options and adding/removing line feeds), clip groups, quick dial, search, etc.
Oh, and its pop-up/click-off-to-close window is easily resizeable and movable.
I'm betting that the windows one only gives you a fraction of the functionality, at many times the footprint (I somehow don't think I'll be installing winio just to find out).
I wanna be a eunuchs developer! Pass me a bread knife!