Drupal Time field for hour:minute:second.tenth of a second
No time field will give you what you are looking for. They all work with Unix time, which is defined as 'the number of seconds since midnight, January 1, 1970'. The maximum granularity you will see is one second.

If you wish to record this information to one one-hundredth of a second, you will need to define the field and its formatting yourself.