The shortest time I usually expose colour paper for is 2 seconds, under that I have repeatability problems, which is due to the warmup and warmdown times of my single 250 watt globe light source.
Having visited the retail colour printing kodak lab in Melbourne, I saw the film, which was in 1,000 foot rolls, being exposed by a computer controlled system. Let me say that the machine(s) sounded like machine guns, the rapid firing of their flashes was something you had to hear. These machines were in the eighties and were running the now discontinued EP2 colour paper process.
When photocopying, we sometimes used 8x10 colour negative film. Using a Durst 8x10 enlarger with a shutter blind, it was not uncommon to use an exposure anywhere from 1.5 seconds through to a minute or more. depending whether you were enlarging or unlarging, as we use to call it. Never, did we have any reciprocity problems that I'm aware of, using this enlarger.
However if we used another enlarger without the in-head shutter, extremely short times were problematic.
With the release of the RA4 paper and process, things just got better. I assume the very latest paper from Kodak, which I haven't used yet, will or should be better, not worse.
When going from one enlargement to another with colour, I pull the neg holder half out, and take a reading of the light strength, using either my EM10 meter or my Colorstar. I then re-compose after height adjustment, then repeat the pull the neg carrier half out bit, then take another reading. With the EM10 I always adjust the aperture, with the colorstar, I always adjust the time. The results with either instrument are indistinguishable.
Mick.