A useful purpose of under/over clocking IMO is to build a remote power station meant for upgrade as needed by using the clock speed to burn the amount of coal that certain level belts provide. This way, as your tech research unlocks faster belts, you can move the clock speed up, burning the added capacity available.
For example: Starting with a 30/minute belt, you could underclock a group of 8, 10 or 12 generators so they never could burn more than the belt can give. Naturally, no one needs 10 coal generators if the best belt they have is 30/minute, but if the station were already built, all a person needs to do is upgrade the supply belt and crank up the clock speed as needed.
This way, when your power breaker pops, instead of having to drop what you were doing to build more generators, all you need to do is run to the station and tweek the clock speed. ( maybe upgrade a belt at the same time)