How to monitor one way delay (OWD) using chrony

No, it assumes there is no offset between the two clocks, contrary to the offset meaured by NTP.

That’s what I described above.

The logs don’t have the four timestamps, but you can reconstruct t2 - t1 and t4 - t3 from the measured delay and offset. The math is straightforward:

delay = (t2 - t1) + (t4 - t3)
offset = ((t2 + t3) - (t4 + t1)) / 2

offset = ((t2 - t1) - (t4 - t3)) / 2
(t2 - t1) = 2 * offset + (t4 - t3)

(t2 - t1) = 2 * offset + delay - (t2 - t1)
(t2 - t1) = offset + delay / 2
(t4 - t3) = -offset + delay / 2