[derbOac]

I think that's about right.

Another way of thinking about this is that the author is confusing time as measurement (how much time) with time as rule (what time is it). If you wanted to measure the duration as a difference in clock times, yes, there would be a certain amount of measurement error incurred by the way clocks are displayed. But if you want to know the time, in the sense of whether a certain time has been reached, or a certain graduation has been crossed, it doesn't make sense to round to the nearest minute.

The question of "how much is this clock off?" is only meaningful with reference to a certain use or interpretation of the numbers being displayed. If you say it's "8:56" people know it could be anything up to but not including 8:57, but greater than or equal to 8:56. The number means a threshold in time, not a quantity.