Ok so I'm answering my own question.
It seems like there is no point in setting different timestamps as, per standards, the Timestamp should be sent in UTC format.
As for the TTL, this can be configured from the policy.xml file:
<ramp:RampartConfig xmlns:ramp="http://ws.apache.org/rampart/policy">
<ramp:timestampTTL>600</ramp:timestampTTL>
<ramp:timestampMaxSkew>600</ramp:timestampMaxSkew>
<ramp:RampartConfig>
I will keep the thread open for a day or two to see if anyone else would like to present a different opinion.