The closest I get to making this work is:
Move the playhead to the start of the range select and Command-B (blade). [You can hold down the Option key and clip on a clip to snap the playhead to a specific frame.]
Click the mouse on the starting edge of the bladed clip and type X. [Creates a range of the cut end of the clip]
Drag out the Range to the end point. [any frame]
Copy.
Move the playhead to the target time and paste.
Go back to the starting clip you bladed and select the bladed edge. [not the whole clip]
Go to Trim (menu) > Join Clips to put the pieces back together.
The only advantages to this is 1) that you only have to make one blade cut for the start of the selection and drag out the range to the end. In a regular selection, you'd have to blade the end point as well (if you only need a partial clip), drag a selection and copy/paste. You could also join the temporary cuts back together. 2) The *other* advantage is that dragging the end of the range selection skims the timeline so you have a visual reference of where to end the selection.
The Range tool will only copy a FULL (storyline) clip on the beginning of a Range... go figure. If you start a range in the middle of a clip and drag over to at least a part of one other clip, the paste operation will 1) place a gap (length of the partial first clip selection) and then paste the section of the next clip(s) as you would expect.
Most definitely a UI flaw.