Hi Jerome,
I'm guessing you're trying to replicate the "German" style of attaching the mouldings. I haven't tried this yet, but am quite interested in your results.
Being some 300 miles from my shop, I can't actually try anything, but here are some thoughts. When fastening 2 pcs together with screw, the "top" piece needs
a larger hole to allow the screw (peg) to pass thru without grabbing the "top"
piece, until the head of the screw comes in contact, other-wise the 2 pieces will
be difficult to draw together. Something along the same process should work with pegging a moulding; it will just take a little trial and error.
and I think clamping would only be needed to keep the 2 pcs from shifting when drilling the holes; not to aid in drawing the pcs together