What I have is actually a modified pre-amp thanks to the help of Guido from Modifying PYLE PP444 Preamp - Reparación de Relojes
I cut two ceramic capacitors out of the curcuit and replaced one electrolytic capacitor with a 105 ceramic. I also removed the rubber dampener from the clip on mic.
All of these changes increased the overall sound quality and seemed to better isolate the actual sound of the watch.
What I currenty have is definitely usable with all of the available timing software, but simply listening to the audio or trying to add it into a video is an annoyance due to the humming noise.
Perhaps my next project will be to build a proper stand for the watch/mic combo so I can properly time various positions of the watch.
If you're interested, here's are some videos demonstrating all the changes I made to the microphone/pre-amp.
The last half of video 5 is what I'm currently using (after the capacitor replacement) and it sounds decent. Still a lot of unfavorable noise though.
https://www.youtube.com/playlist?list=PLOMif0oGPj4AXfAc7JXbbU6aBayAiXYdW

