The stop clock with open hand signal is antiquated and no one has rid us of it. The NBA eliminated it years ago and noone has missed it.
Timers do not watch the hand go up. Timers do watch the chop in for time. If it is a close game with potential to have some funky play (long throws etc) I will instruct the timer to start it on me or partner whoever is in position.
As far as processing time. It's the slow whistle that gets better processing time. Once the hand goes up if you take too long to point you are no better off. and look more indecisive than a slow whistle.
In a game where I have no clue who it went off of, I blow whistle and immediately turn to partner for help.
I have been in loud gyms, timers rarely have problems with the FOX 40's. Even before precision timing there have been so few problems in noisy arenas (Delta Center, United Center, Staples Center, its not enough to worry about.
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