I know most of you guys are dormant since the runs are from 2 years ago, but I am probably going to get into speedrunning this game. Does the timer stop when you stop the time in-game and everything becomes grayscale, or does the timer keep going when you stop the time in-game? Also, can there be IL's (individual levels) for this game?

Yeah, I think that a category for individual levels could be a thing. The speedrun is measured in real-time and thus it does not stop when you stop time in-game.

You could watch the other runs to see how the timing works 👍