Hi Bruce,
That's funny! I own one too but only use it in "film" mode, never in "print" mode. (For prints I use an emergence area multiplied by a factor to find my development time, using the timers "real" time mode).
It works for my negatives just fine. It's the only timer I've used to tray develop my 4x5 negatives, so I can't make any comparisons with another method or timer. All I can say is that winter or summer (cooler - warmer darkroom), 1 negative or 6 negatives (fingers hardly in developer - fingers in all the time), my negatives are consistant.
I don't know what film - developer - dilution - temperature - agitation - time combination Zone VI used to get the time/temperature curves that they used for the timer...all I know is that it works for my Tri-X in HC-110.
Murray