Maybe I can supply some information that sheds more light on the matter
From my own spiritual studies, I have read about people's personal experiences where the ego mechanism/mind has been sufficiently deconstructed that perception and experience
actually appears as a succession of stop-frames. The concept of time is unconsciously ingrained into our minds, but when it is de-energized, the reality actually does seem like a slow-motion movie, with each instant complete as it is.
To add to that understanding, it is found that the ego/mind mechanism is based on the 1/10000th second "editing" of all incoming data that distorts non-dual Reality into dualistic perception. When this is transcended, i.e. enlightenment, there is only the sense of eternal timelessness, alwaysness. I believe the whole experience of time is due to the ego/mind's continuous "graspingness" / attachment to wanting to experience the next instant, wanting to control the next split-second of experience, wanting to survive in the very next moment -- continuously trying to "one-up" the future, so to speak. This would explain how when this mechanism is removed, there remains only timelessness in the Now; when each instant of experience is complete by itself, without having to connect it to the past instant or control the next instant.
I think the stop-frame theory and creating the universe in each moment theory is compatible and not mutually exclusive