Good question. I'm not positive I've thought this all the way through, but so far, I don't see that it has any effect on the "outside of space and time" idea. Primarily because Lynd's theory attempts to describe what is "in", rather than what is "out".
In reality, which much of the posers discussed have little to do with, I've always thought it was silly to try to assign a static point to something so elusive - and always in motion - as time. Of course, "common sense" and science don't always gibe. :^)