Reaction time isn't impacted by wet or dry skimming. It's just a question of how far the foam has to rise before it makes it into the collection cup. I run mine so high that the spray from bursting bubbles hits the skimmer lid and runs into the collection cup. You'll never see a real head of foam on my skimmer, but every week I dump 1 gallon+ of nasty brown water. And that's with a light bioload in the tank. The disadvantage of wet skimming is that you need a big collection cup or you'll find you're dumping it constantly.
One of the secondary benefits of wet skimming is that the skimmer neck stays wet. This helps avoid the buildup of skimmate solids inside the neck, which reduce the skimmer's efficiency by impeding foam production. When dry skimming, this can can be a problem if you don't clean the neck regularly.