Just wait a little more - the next version of freetrack (in beta stage now) has added option to define head's center of rotation in respect to LEDs. With FT 2.1 i couldn't set it right as well and my cap behaved just like your clip, but in FT2.2 i was able to set it up right
But before 2.2 comes out, you might want to set all curves to linear and play with those sliders on the model selection screen - under dimensions on your rig. The manual should describe how they work, the calibration procedure was also discussed in some tread, but i don't remember it, since i don't use a clip. Just try searching.
After setting it up to minimize unwanted translations when only rotating your head, you can set the curves to your preference.