I presume when immersing the clip of film into the developer there is no agitation taking place. I wonder if this would skew the results with slower developers. Like, if the time measured is 62 seconds, would that time have been shorter with agitation? And if so, would that result be more accurate?
So I tried this with hc-110 H and K400 and I timed it at 15 seconds, which would give a developing time of under 5 min, which is too short. But maybe I'm not judging the time correctly. It's kind of subjective to evaluate whether the colour of the developing film is the same as the dry film. The colour doesn't exactly match. I ended up trying to evaluate whether the darkness was the same. Then, another wrinkle is that the film appears lighter when immersed in the developer, and darker when taken out. Lots of factors seem to be in play here.
It would be interesting to see whether a reliable test could be formulated. The factors which would need to be determined are agitation (yes or no), appearance of film in or out of developer, and whether your evaluating the emulsion or acetate side of the film.