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Fan clutch cuts out at a higher Rpm, that way your not running the fan at highway speeds where the air rushing through the radiator is alrady doing the job, thus saving fuel and having a little better performance. It also comes on a certain temp also, keeping you from having overheating problems.
You need more cooling power at lower speeds because there isn't any airflow over the radiator. Typically higher speeds == higher rpm.
The clutch allows the fan to disengage and thereby reduce engine drag when it isn't needed (clutch action is necessarily a compromise design because speed is not directly related to rpm).
A non-clutch fan is lighter to begin with, and will produce less drag at lower rpm. But more drag at higher rpm. With a modified engine, the cooling requirements change. So it is a readily available and cheap solution for some cooling problems.
Electric fans only turn on when needed. Current draw can be rather large, and alternator upgrade is likely on an e-fan conversion.
All things considered, IMO, electric is best, followed by clutch then direct drive. Direct drive is simplest and therefore most reliable. Electric is most expensive and most complicated.
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