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When copying a large number of elements to the clipboard, the entirety of the contents do not display in the preview. When pasting, the elements on the cursor reflect the preview. However, all elements are pasted.
For all dynamics including clipboard preview, uses the function "mdlDynamic_getMaxNumElements" to limit the amount of drawing that occurs. The internal limit of 5,000 elements may be overridden by the MicroStation configuration variable "MS_MAXDYNAMICELMS".
http://communities.bentley.com/products/microstation/w/microstation__wiki/the-power-of-ole-in-microstation-v8.aspx