I am confused about the rules on Home Run Derby. I would assume if one had the same amount of homeruns and a quicker time they would be higher ranked but it has me in second? Is there any clarification to the rankings?

The category is a quantity run only. Time is irrelevant. In the case of a tie, the "time" will be made equal so both people will have the WR.

Follow-up question: would it make sense to create a non-Ken Griffey Jr. Home Run Derby leaderboard? Using the other 7 derby hitters is definitely much harder than using Griffey in the event and could warrant a separate category.