I've had little tiger oscars & CL school together. All same size (tiny), very pretty in natural light.
If you're starting the tank from scratch then this is easy-
Set it up for oscar: plants, peat filtration etc... and add aspects for the loaches: driftwood, sand-substrate, bamboo/PVC piping & a couple of power-heads shooting along the front wall. Let it run for 6-weeks then add some fast, high-activity "dither" fish like rainbows or danios. Wait a week (or two) then add your loaches. Minimum 5, good sized animals and let them get accustomed- maybe another month or two.
Once this system is well established (playing and eating) then add your oscars. They will come in discombobulated and will be less apt to try to take over/eat everybody. They will eventually clear out some/many of your dimmer dithers, but that's the price of doing business.
The issue with predators eating clowns seems to usually be with them (clowns) being introduced to a new & established predator system, particularly when they are going to be seen as feeders.
My two cents.
In Uni we had a full-on predator system with oscar & aro & FW barra & eels & leaf-fish etc.... (yes, massively overstocked) and two little 2" clowns that had no fear and were never bothered. I reckon that orange & black pattern suggests a chemical defence of some sort, but the spine is also pretty effective.
A