Very good idea for an experiment.
LaBerg did one similar to this, only with more hi-tech stuff. But same basic idea: he had people count while awake, measured their accuracy, then had them count while they were dreaming (I think they would make certain eye movements for another person to watch), and measured the accuracy of that. Then both trials were compared.
If I might ruin the results for you: lucid dreamers were just as accurate at counting time as they were awake. Which follows that most lucid dreams happen in real time or are perceived in real time.
I'd love to do this, but I don't have a video camera to mount on my bed.

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