You are going to trust a pilot with a wristwatch to log flight time
Yes.
I log time to the nearest five minutes according to my Seiko watch. Datcon and Hobbs readings were used for the Tech Log ... but, as I would wind up the throttle, I looked at my oversized watch (only oversized because it was my late father's and I have girly wrists) ...as I landed and let the aircraft cool down, I noted the time.
Personally, I find it difficult to think of time in other than five minutes intervals; decimals are fine to a point but decimals are designed for a base ten system whereas time is a base twelve system. Old money was in base twelve and base twenty.
Perhaps it helps if you were born in a time where L S D meant more than a recreational, mind-altering drug