I like the time concept, especially if game time will be displayed in the status area. Here's another idea. A countdown (inscription) based on your current speed. A Rod of Recall (charging 50) means that it will be recharged in 50 turns (actions) at your current speed. Should you haste yourself to (+10) the inscription would change to (charging 100), or 99 or 98, I guess hasting yourself would take a turn. You could do both. Time based recharge in the description (which would be normal speed turns), and turn based (which would incorporate any permanent speed and temporary haste) in the inscription
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