What’s the idea?

The ability to activate/deactivate a FX on a specific clip.
And having more visibility on what is going on from the clip view.

I would rather prefer to see an overview of what is going on on all the tracks from there than a grid that I can access already via the séquencer page.

Where would it go?

There is a lot of space in the clip page, it could be a good thing to had a menu there maybe accessible when you long press a clip.

Any details or mockups?

The bypass on the FX page could be a master bypass and the one on the clip page a secondary one.
By the way, it would be great to have mores info on the clip page like

witch bank of clip am I looking at currently and not only display this info will changing bank
the ability to see the play head position on all the tracks by default, when you clic on the page button (maybe something like the hapax but meingott with this screen it could look so good)
the possibility to set a global and a per clip "time to change clip" like 1 bar, 1 beat, 4 bars...
maybe the long press on a clip could be a latch thing so you can peacefully do your follow up action/FX bypass/"time to change clip"/color coding (🤞) and just click again on the clip page button to go back to the all play head positions view.