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What's the point of using the timeline?
It's the best way to set up effects to start on mouse click, with the preceding effect, or after the preceding effect.
Because the timeline gives you a graphical view of the durations of all your animation effects, it's the best way to see how timings relate to each other and to quickly change them by dragging durations.
It can tell me the length of my entire slide show.
Why would you use the Timing options dialog box to set a time delay?
There's no point in setting time delays here. Always use the timeline.
The dialog box allows you to set a delay for multiple effects at once.