I'm of two minds about this. The first impulse agrees that if you can't hear it, no harm, no foul. On the other hand, if it was my recording, and I was giving it to the band, I might be tempted to remove the clips for two reasons, though neither are likely to be all that significant. First, if they at some point decided to open it up themselves for editing, I would prefer that they not find any clips at all, and secondly, if it were ever to be converted to mp3, say for myspace or whatnot, would the clips possibly become a bigger issue? The last thing is something I've noticed a couple of times in making mp3 sets for an artist--in CEPro2.0, using the built-in Fraunhofer IIS encoder, I sometimes get clips in mp3 files where there were none in the original file (though it occurs at the loudest points, of course). This happens at lower to medium bitrates, but doesn't at higher bitrates. Maybe it's just that particular encoder, I'm not sure.
Anyway, if it were me using CEPro and I did decide to "fix" it, I would convert to 32b.f. format, use the built-in Noise Reduction/Clip Restoration feature on the affected areas with no attentuation, and then use a Waves L2 limiter with 0 threshold and the out ceiling set to -.2 or so (or -.3 if mp3 conversion as described above might be a possibility) with dither back to 16bits. Obviously I'd aurally check the results to make sure it hadn't introduced any audible problems, but this should be able take care of the situation you describe quite easily. What one does in WaveLab, though, I have no idea, but maybe there's something similar that could be done if you wanted to mess with it.