I can find no examples of an acoustically-based mechanical timekeeping mechanism. If you're aware of any I'd be interested in seeing them.
I can also remember when mechanical stopwatches were still A Thing, used in sport timing when I was a wee'un. I suspect that these were the highest-precision timepieces reasonably mass-produced (and likely expensive nonetheless), and they could reach 1/10th second accuracy. Far cheaper digital stopwatches came available shortly after, were less expensive, and had 1/100th s accuracy. They could easily have recorded to greater accuracy but the limits of human perception and reaction would have made that redundant.
Current prices seem to range from ~US25 to ~$150 for mechanical stopwatches, versus ~$2 to $20 for digital electronic stopwatches, going off Amazon.
Even now, timed events are generally only measured and judged to 1/100th of a second, given that unavoidable variances (e.g., in track or lane length for track or swimming events, or course lengths for others) would introduce variability not strictly addressed by an athlete's capability.
Overall, I think the things you're saying about the expressiveness and power of digital logic are valid, but I don't think they really apply here when the logic is so minimal and could in theory be removed entirely.