There is a direct correlation between the Clegg Hammer (IV) and CBR, the conversion factor can usually be found in the manufacturers handbook.
A search of the internet will usually produce several correlations on soils from different parts of the world, some with slightly different results. However conversion factors are likely to be very close to the original value of:
Equivalent % CBR = 0.07(IVxIV)
I have successfully correlated the Clegg/Lab CBR for Tropical Residual Soils over a wide range of values, from below 10% to 50% CBR.
The Clegg is the perfect tool for site if you want to identify soft areas of fill. A useful reference document for control of fill by the Clegg is ASTM D5874-95.