Olympic Lifts are based more on momentum and less on actual strength, bodybuilders usually stay far away from them cause there really not useful in sculping the body and the risk to injury goes way up.
I can't say whether or not this is actually proven, but I can say from personal experience (i.e. seeing people in the gym) this does tend to be the case. People doing all of these listed exercises do lots of "winding up" and swinging of weights to get them up. The form for the exercise is right, but it seems to be just as much momentum as it is strength.
I personally have a 2 day split...mainly because I don't work out my legs nearly as much as I should. Whether or not you should work out everyday depends on your age, your fitness level, and what you want to accomplish. Most people and personal trainers would probably advise you against it, but if you're on creatine and aren't feeling sore, then go for it and see how it turns out. Just make sure you're doing your exercises with good form, and that if you start feeling pain, just stop for the day. If the pain comes back the next day, then take a few days away from lifting. I was in an arm wrestling competition a year ago, and my left arm especially (right above the elbow) will start killing me if I work-out more than two days in a row. I prefer the whole work-out, day off, work-out, day off, etc. routine. Here's what I do (not recommending it to you, it's just what works for me):
Day 1:
Bench Press
Preacher Curls
Isolation Curls
Calf Raises
Incline Press
Lat Pulldowns
Dumbbell or Cable Flies
Situps
Decline Press
Seated Isolation Curls
Pull-Ups
Day 2:
(Each set of two exercises in alternating super sets)
Nosebreakers and Dumbbell Rows
Side Bends and Dumbbell Press
Pull-overs and Seated Rear Dumbbell Raises (reverse flies)
Cable Rows
Situps
Upright Rows
Shoulder Press
Tricep Dips
On one of the two days I'll also throw in lower back raises and shrugs, depending on what day of the week it is (usually do them every other "on" day). I also fit in squats, lunges, and leg curls during my weight training class, which falls on the same day as the Day 2 routine usually, or if not, then on the day immediately preceding/following. As I said, this routine works for me, and I'm not recommending it to anyone else. I'm thinking of changing it up sometime soon, though, as I've been making only minor tune-ups to it for the past three years. It's pretty hodge-podge at the moment between weight-training class (hour long), and my actual workouts at night (two hours long). I try to get in at least two, two hour workouts, and the mandatory two, one hour workouts in weight-training every week. Beyond that, I aim for two or three days of running/week, but don't always reach that.