It's fun to see a HotkeyNet script here for a change.

5. loaded keyclone and setup my window positions... unfortunately they overlap on my 22in widescreen.
You can shrink the windows so they don't overlap with HotkeyNet's SetWinSize command. AoC will partly adjust its resolution to match (its 3D graphics will change but interface doodads will not). For best results make AoC's starting resolution as small as possible first. You can also use HotkeyNet's RemoveWinFrame command to remove the window frame and caption like Maximizer does. However AoC doesn't adjust the position of interface objects correctly when the caption is gone.

I notice you put some wait commands in your hotkey definition to pause between actions. My understanding is that this would be against the rules in WoW. I don't know if AoC has the same rule but if it does, then your sample hotkey could get you in trouble. If you're concerned about this, you can rewrite the hotkey as three separate hotkeys without wait commands.

Wait commands are often used in a different way to slow HKN down so the game has time to see HKN's keystrokes. I don't think this second use is against any rules.