taiclockd without clockspeed (no NTP source available) ?

Hi,

let's say I have a network with no access to an external time source,
(no access to NTP at all) so I cannot use sntpclock.

Let's also say that I don't care about the absolute time (be it UTC or
TAI), I just care that all my nodes in the network have the same
relative time, so that I can correlate events happening on different
nodes between them.

I am thinking of choosing one of the nodes as master, and run taiclockd
on it, and have all the others node be clients with taiclock.

My question is: where do I run clockspeed? I assume on all the clients
but on the master it would be useless. Am I correct?

thanks
marco