Since the last few week I can't really use Keyboard Maestro as a clipboard manager, as It's took a good 10secondes delay before displaying the windows.
Tried with the keystroke but also with the "try" button, it's always super slow.
I have experienced similar delays, and I quite ofter I have to invoke the shortcut TWICE to get it to display anything. I do not have many clipboards and they are small.
Maybe the delay is a function fo the number of entries in the clipboard history and whether you have large images on them?
Perhaps Peter could look at a two step display i.e. last say 10 entries quickly and then the rest later.