Assume that Clomid raises your testosterone to a certain level and testosterone cypionate/enanthate raises it to the same level. The first, and essential, question is whether your subjective response to those lab results will be the same; will you feel as well with Clomid-achieved levels as you will with testosterone-achieved levels?
In an ideal world you would, but there are many reports where patients achieve what looks like a great result with Clomid, sturdy levels, and feel nothing (or next to nothing). This is certainly not the case with everyone, but it happens enough to have given Clomid a somewhat bad name.
That is the primary issue that Clomid protocols present. As to DHT conversion, I've not read that it is greater with cypionate or enanthate as opposed to Clomid.