I'm sure that instructions for individual spars are going to differ. I don't have Selden, I have Kenyon and the spreader tips don't have a captive end. It does appear that the original poster has a captive end, so I won't argue that he shouldn't clamp the end based on the information that has come to light in this thread.
However, as an engineer, I would suggest that the sequence and procedure should be followed carefully. As Big Easy indicated, his instructions are to leave the clamp loose until all final rigging adjustments are completed. Only then, clamp the shroud in place.
I don't know how you can do that with the mast on the ground. Jackdaw, I read your procedure and it left me with a lot of questions. You can't possibly mark your shroud accurately with just hand tension. Then you seem to give it a half-inch just for what? wiggle-room? Besides that, how do you clamp it half-inch shorter without having to apply an even greater amount of tension? Perhaps the spreader has a half-inch of wiggle so you artificially push the end of the tip towards the top of the mast? ... I don't know. My spreaders don't seem to have that much wiggle when they are bolted to the ears. You seem to indicate that you just get it close for clamping the wire and then accommodate the "stretch" when tuning. I think that this leaves a lot of room for error.
What if you get the measurement wrong before you clamp the shroud? Then you can only equalize the tension on both sides of the spreader by distorting the spreader. That's why Big Easy's instructions indicate that the shroud should be free to align during rigging, before clamping it down after all final adjustments. In my mind, this can only be accomplished when the mast is in place and the shrouds connected to the chainplates and tensioned. That necessitates that the mast must be climbed to clamp the spreader tips.
This seems more complicated to me than simply capturing the shroud and allowing equalized tension to occur naturally. I agree that friction isn't desirable. A better design would utilize a frictionless fitting so that there are no tangential forces on the spreader tip, up or down. The only force that is wanted to keep the spreader in proper alignment is the parallel force in compression along the length of the spreader.
The objective in all cases is to have equalized tension in the wire from top to bottom. By clamping the wire, there is an increased potential for the forces to differ on opposite sides of the clamp, which would then lead to more potential for wire failure.