I don't know if that applies, but I'll give it a try. My model has several components in it, and when selected have the blue border around them. If there was an object that was a long distance off, the box would be commensurately as large as the distant object. Also, the same is true when I scale the object, the scale box is the same size as the component.
As far as FOV goes, the clipping occurs only when the object is being scaled, not when zooming in or out. This is the part I don't understand, why it disappears with scaling; when the model is visible, I can zoom in/out and no clipping occurs other than normal.
EDIT: I just discovered that when I zoom in and work on an individual component, some bad clipping happens. I scaled the entire model from original size to 10% (I knew it was still visible at that scale), and went through the each component and applied "Scale Definition". Then reduced the model size down to life size and have had no further problems.
Don't know why it worked, but it did.
Here's the model, created for the sole purpose of, "How would I...?":
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