That sounds like a good idea.

I don't like the idea of simply readjusting load times. Now that you've removed the lag, does dolphin have advantages over console for loading? Different Wiis load differently too, so you couldn't just put a set conversion rate. Additionally, what if my Wii has lag too and I don't have a frame counter to fix that? Finally, if you've adjusted the timer, it isn't Real Time, which is the standard for this board, and many many others.

I agree with Green here. If you're so pissed about slower loads, how about you just play on an official console instead of complain about it here? It's easier on all of us and causes less problems.