Teensy Clock Code from Original File
The Teensy Clock file is "pin_teensy.c", which is mostly written in Assembly Language. I unfortunately do not know Assembly Language well enough to make modification to attempt to correct the Clock. Jeff suggested we replace a section (the clock) with known working "C" code from Arduino.
The first attempt included a section to try to slow the Clock by an amount equal to the previously observed error. After 6 more hours, the clock was NOW slow by about the same amount as it was FAST before. Jeff suggested we remove the correction and obtain a new base line with just the "C" code installed.
Copied Arduino Clock Code
Due to the work in the Shop (listed above) I did not get back to the Clock project for 29 hours. After 29 hours, the base line results indicated that the Clock was spot-on, only less than a second difference could be observed when compared to a wall clock. Wow!
But, the "C" code replacement did something to the "Interrupts" for the Teensy, my push buttons no longer work as expected. We damaged something by removing the Assembly Language code. More investigation will be needed.
For now, I have reverted to the Assembly Language Clock routing, so that all of my GUI development environment works correctly, but with a Clock that runs a little fast.
UPDATE: The new release of Teensyduino 1.04 fixed the problem.