I noticed in the new iPlug2 framework (just released) it also has a really easy way to make C++ reaper extensions.
It also contains some example code to access the reaper video window and draw over it (which was undocumented I think).
That could read whole reaper API including project offset and any other settings.
A timecode extension would only need one action - toggle timecode display on/off.
Then using a video processor and configuring it would be unecessary.
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