First, I don't think the time bank should be eliminated. I will have random connection issues where my connection is dropped for maybe 30-60 sec, but then add on reconnect time and sometimes it causes problems with the software, so I have to restart the client. That time bank has saved my butt, especially when the tables are short stacked and short handed (which is normal on the bubble). I like it when sites have an extra time bank that is your total of extra time, and once you run through it that's it, you don't get the extra time every hand.
As for when hand for hand should start, I think it should be based off the number of players. If 10 places get paid, starting it 1 or 2 from the bubble makes sense and nothing more is necessary. I've occasionally seen sites do 2 away from the bubble in this situation, which seems more fair than one away since the tables are evenly balanced at this point. But, if you're in a big MTT, where several hundred places get paid, it makes a lot more sense to start hand for hand when you are still a few players away from the bubble. There is just so much action going on with so many tables that needs to be balanced out to make it "fair".
As far as actually stalling on the bubble, I feel different about it depending on how many players are left. I very rarely do it myself, but "generally" don't mind when other players do it. If I'm one of the shortest stacks, say less than 5-6 bbs, I really hate stallers. I need a spot to double up, and they're just increasing the amount I'll have to pay in blinds when they come around. I also want to keep playing at normal speed if I have a decent stack, but I don't mind it when others stall. The time when I want everyone to stall is when I'm short stacked (5-15 bbs) where I have just enough chips to make a move, but I'm not short stacked enough to risk blinding out. I don't believe in folding hands I would normally shove on the bubble, just to make a min cash. So I bubble quite a few tourneys. If the table is stalling... I'm less at risk for bubbling when I could have made that min cash. This is especially true if I know there are very short stacks at other tables, or if there are players at other tables that are sitting out that are relatively close to blinding out.