Hi Organfreak,
This hamster wheel is makin' me dizzy!
Me too!
The report of July 11, page 29 shows quite clearly that the AP (probably No2 (FO's side)) disengaged at 02:10:05. The FO's IAS is not recorded, but the ISIS shows a speed drop from 02:10:06 and the Capt's IAS shows a drop from 02:10:07. I assume the FO's IAS showed a speed drop at 02:10:05 which caused the AP to fail.
I suggest you disregard the "The pilots noticed it by reference eleven seconds AFTER the Cavalry Charge, yes?" red herring.