howdy Joshua!

yes, that is exactly how it works. you also have a black or white list you can add your keys to. this is useful for keeping the movement keys from passing to your alts. keyclone also has the ability to 'override' those lists... allowing you to block WASD while running, but being able to do a /wave when you need to. the hotkey for the do-not-pass override is not set by default. just go to keyclone/setup/override-settings to set it. i normally use LCTRL+CANCEL which is control+pause. the reason i use the pause key is that its the default general override hotkey... and basing all my override hotkeys around the same key made sense.

you also have the round-robin list (and associated override). when you add a key to that list, instead of passing to all wows... it will only pass to one wow at a time. each subsequent press will send that key to the next wow, until looping back to the beginning. very useful for death grips (i love that one) or sheeping targets

you also have keymaps, which allow you to change the key sent to the destination window or ignore it completely.
ie:
hit 5 in wow1 ... 7 goes into wow2... F2 goes into wow3... wow4 & wow5 ignore

you also have mouse-mapping... which allows you to use the mouse to send a keypress. this comes in handy for formations, spamming /follow, or various attacks.

there are a few more tricks keyclone can do for you (commands & the maximizer prolly being the coolest)... but hopefully i nailed your questions. otherwise, just drop me a note and i'll see what i can do for you.

good luck and welcome to the addiction!

Rob (keyclone developer)