You shouldn't have to set `clang_base_path`. If you need to do that, then
a) your checkout is in a bad state, somehow
b) things generally don't work well if you do set `clang_base_path` (it's a setting for people working on clang)
I think it'd be best to find out why third_party/llvm-build/Release+Assert/bin/clang doesn't exist for you. `gclient runhooks` is supposed to run `tools/clang/scripts/update.py`, which is supposed to download that file and put it there. What happens if you run `tools/clang/scripts/update.py` manually?