Painter's painter bound to flip about height (7)
I believe the answer is:
raphael
'painter's' is the definition.
(thesaurus)
'painter bound to flip about height' is the wordplay.
'painter' becomes 'ra'.
'bound' becomes 'leap' ('leap' can be a synonym of 'bound'**).
'to flip' is a reversal indicator.
'about' means one lot of letters goes inside another.
'height' becomes 'h'.
'leap' in reverse letter order is 'pael'.
'pael' enclosing 'h' is 'phael'.
'ra'+'phael'='RAPHAEL'
(Other definitions for raphael that I've seen before include "Archangel - Italian painter d. 1520" , "A Renaissance artist" , "Sistine Madonna artist" , "Italian artist" , "Angel; Italian painter" .)