If I click Wipe Data/Factory Reset...

[waloshin]

If I click Wipe Data/Factory Reset will I loose the Clockword mod and root?

 

[shumash]

If I click Wipe Data/Factory Reset will I loose the Clockword mod and root?

You won't lose recovery, whether ClockworkMod or TWRP. It will erase all your data, apps, and the system. Whether you still have root depends on the ROM. Most likely you will, but you may have to mess with some settings in Settings->Security to allow root access.to apps.