But if I ever wanted to do an event-related design where
measuring timings precisely is more important then I'm not sure if simply
offsetting the timeseries would still be considered acceptable.

Simple offsetting is generally "considered acceptable", even for event-related designs. Is is "considered optimal"? No. But it might have less of a risk of introducing artifacts or distorting signal than using a poorly-fitting (or too-complex) model.

Another relevant reference is Akama et al 2012 (DOI:10.3389/fninf.2012.00024): figure 4 compares the canonical HRF and single-volume classification accuracies. They're close, but not identical, another example of how the information in fMRI is really blurred over time.

Jo


--
Joset A. Etzel, Ph.D.
Research Analyst
Cognitive Control & Psychopathology Lab
Washington University in St. Louis
http://mvpa.blogspot.com/

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