Yes it's a good observation. There is no "absolute" time reference so whether you assume the events in the images are happening at the beginning, middle or end of the frame interval doesn't really matter as long as you always assume the same alignment, addition/subtraction between time stamps will work the same. The timestamps are coming from the video file and ultimately from the camera where they could mean any alignment. Inside the playback screen as soon as the time interval starts it tries to display the corresponding frame.
To further complicate the issue many cameras have a rolling shutter, different *lines* are captured at different times within the frame interval.
