You would still need to take the shorts off, so time there, too.
Personally, I wear wetsuits whenever I can. Sprint, Oly, and longer.
After practice, you can get them off pretty quick.
When I'm 50 yards out from swim exit, I start going through the process.
- Goggles pulled up to head off eyes so I can see.
- Unzip the suit.
- Pull one arm out holding shoulder and yank arm out, turning suit arm inside out.
- Next arm.
- Pull down to waist.
- Pull off goggles, swim cap and ear plugs
- If still heading to transition, I will start inching suit down past hips careful not to trip.
- When I hit transition, drop goggles, cap and ear plugs.
- Pull suit to ankles.
- Step on suit leg with one foot and pull other foot out of the leg I'm standing on.
- Sometimes I have to pull the suit past my heel to get it all the way off.
- Repeat for other leg.
I'm out.
Seems like a long list, but all motions are fast to get out of the suit. If you go slow, it turns into a wrestling match.
And, if it's wetsuit optional, I go with a speed suit or swim skin. Similar process.