You issue the warning if the action delays the game.
If they can high-five and get back to their proper places in the time it takes you to collect the ball, check for subs, check the lane, then administer FT#2, no warning or T.
What the rule is meant to cover (and the casebook examples emphasize) is a huddle at the line with the administering official standing around waiting to bounce the ball to A1. That slows the game down and is penalized.
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"To win the game is great. To play the game is greater. But to love the game is the greatest of all."
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