Keep in mind I am not using the Audible/Repeating timer and didn't look into its accuracy and adjustment based on getting different printing results. I use a Digi-timer, which I hope will last a long time but wanted to have the Audible/Repeating unit as a backup, since I got it in an enlarger deal, in the event the Digi-timer ever dies.
Consistent but inaccurate times from a timer are fine as long as you always use that timer. But things don't last forever, thus the desire to have another timer that is accurate so you can use your old print times.
I didn't get too technical, e.g., using an oscilloscope; I observed the 1x and 10x times at a bunch of settings, and observed the beep intervals, against a digital timer, stopwatch and my Digi-timer; saw that only the 10x was off (e.g., by 3 seconds over 20 seconds, 6 seconds over 40 seconds); adjusted the 10x; and repeated the test. The 10x adjustment didn't affect the 1x and beep intervals. So, is it totally accurate? Likely not, but accurate and consistent based on simple observations against a digital timer, stopwatch, and the Digi-timer which could all themselves be off (but they agreed). So the practical result is that the timer is no longer off by the amounts I mentioned above, which I think were significant. If it's still a fraction of a second off because of my simple method, I will be able to use it with the print times developed using my Digi-timer.