Counter-time is quite interesting. If you're a good parryer, then counter-time allows you to use this strength without giving away all the initiative - you go out and find their attack rather than wait for it. I may be wrong, but Sanzo does it quite lot and it's big in the Russian game aswell.
So were does it fit in with my attack - what's the relationship between my attack and my counter-time? For instance, do you have counter-time ready while compressing the distance into attacking distance - parry riposte if they AIP, eventually attack if they don't?
What are your thought's on counter-time in general?