You're kinda mixing Apples and er, other Apples.
ScreenRecycler makes the other Mac a display, NOT another computer. It's as if the computing function is off and all it's using is the display. So there's not much need to cut and paste back and forth, other than what you do with a TV attached to your computer. The commands you reference are a vestige of VNC's normal use: to control another computer's monitor. ScreenRecycler just cleverly circumvents that.
What you need is Abyssoft's Teleport. It's like a software KVM switch. It allows you to use one computer's mouse, keyboard and/or trackpad with another Mac, as well as a common clipboard. And you can move files back and forth too. It's not a second monitor, but a way to use a second computer with the same keyboard or other input device as another's. So, for example, you might be working on a separate Word document on each computer, just by moving the cursor from one computer's monitor to the other's, and cutting and pasting back and forth.
Rob