But the cloned license key won't work on another flash.
Not exactly break it. It just wouldn't work on a different flash drive. And to get that other flash drive licensed, you would have to go through the registration process again. This is free, automated and can be done directly in the webUI, at least for one license transfer per year. And the license for the old flash would be blacklisted.
So, as you can see, a clone may be a clone in many ways, but if it isn't the same flash drive then it isn't really a clone in an important way.