I've seen several clip failures, dirt bikes mostly. Never had a riveted master fail.
Yeah, on chains that run in harsh conditions - sand, mud, concrete, etc. links are the rule; for quick changing. Those chains fail to abrasion often enough to warrant a faster method of replacement.
On applications where the chain is subjected to heavy loads, clean and well lubricated, clips aren't found just because the endless chain is stronger.
On our bikes a clip link is probably fine. I just prefer a more positive lock.
Besides, I like tools
