Welcome Mike,
Looks like a good 'intro' machine. Plenty of us have come along the wood and MDF route before committing the investment for something more serious. I share your interest in wooden clocks, they are dangerously addictive though. If you are serious about designing your own I strongly advise you have a look at the gearotic software. This is a quirky bit of software written by Art Fennerty, a name much revered among DIY CNCers as the creator of MACH3. There's an excelent forum to go with it with plenty of clock-building wisdom included.

https://www.gear2motion.com/

If you want to build someone else's designs I like several of those at Woodentimes.com. They are available as DXF files which can be imported into a CAD package for processing for CNC cutting. Your machine will be well able to cut out the pieces for clocks, though a Dremel may be a bit weak for the spindle, others will know more than me on that one.

http://www.woodentimes.com/

Kit