If you use this method, I suggest that you take several photos. I expect that the latency will be different each time. The videos I posted earlier show a range of latencies from 200 to over 300 msecs. And of course, there's the inherent variation due to the lack of synch between the display frame rate and the still camera shutter. This would be 16.7 msecs if the Lightbridge frame rate was 60 fps - but I think it's probably lower so the variation will be proportionately greater.D
When you snap a photograph the G4 screen that is displaying the timer, AND in the background showing the phone screen w/timer, you can use those two numbers in the photo to calculate latency to the millisecond.
.