According to Apple’s support site[0] App Clips can request your location, and permission’s automatically revoked after 1 day, and only works while the apple clip is in use. So, better in theory.

[0] https://support.apple.com/en-us/HT212238

Because there is a setting for it, I assume that app clips can request location info. I have to assume, as there apparently is no app clip that has ever requested such. Come to think of it, I don't know that I've used an app clip.

But the setting is there.