There are eight times, whereof four are true, and four are false. The true times are these:
the time of the hand,
The time of the hand and body,
The time of the hand, body, and foot, (and)
the time of the hand, body, and feet.
The false times are these:
The time of the foot,
the time of the foot and body,
the time of the foot, body, and hand, (and)
the time of the feet, body, and hand.
I read it like "hands are faster than body, which is faster than a step, which is faster than many steps". I may be wrong in my interpretation, so later on there is an explanation:
Scholar: What vantage has a man of mean stature against a tall man?
Master: He has none: because the true times in fight, ands actions accordingly, are to be observed and done, as well by a tall man, as by a man of mean stature.
Scholar: Why then if this is true, that tall men have the vantage against men of mean stature, it should seem in fight there is no perfection, other then this, when men of like stature, reach, & length of weapon, shall fight together, the which will seldom or never happen, but either in the length of their weapons, statures or reaches (if their swords should be of just length) some difference most commonly will be in their reaches.
Master: Yes verily, the tall man has still the vantage, and yet the fight is perfect, although the men that shall happen to fight, shall happen to be unequal in their statures, reaches, or lengths of their weapons.
For me it means, that taller guy is in better shape, because for every action needed to gain some amount of distance he can use faster moves. For example he can strike with just a hand where a shorter man needs to add his body to reach the target.
So it seems to me, that striking without stepping doesn't violate Silver's true time principle, but it is simply the very gist of it.
Damn, if it doesn't look like some special RTFS moment.
