You don't need a stopwatch or speedometer. Just two parallel tracks
You sort of do need a stop watch if you match speeds to a set speed based on class.
Diesel Switchers -- top speed 45
Steam Switchers -- TS 25
Diesel road locos Freight first generation-- TS 70
Diesel helpers first generation -- TS 60
and so on.
Once I have things set up I can set up speeds for step 1 - 25 - 50 - 75 and 99 that all of a given class will match. -- AND -- Given my selection of points I can MU any thing together at least through the first 25% of the throttle. YMMV
Periodically running a loco through a speed setup will also help uncover operational problems that may not be obvious. That loco that hits 35MPH at 50% throttle starts running at 24MPH start looking for a problem.