In this action:
The Get button will start 5 second countdown to get coordinates.
The 5 second is too long of a time for me. I wish I could set in KM settings the default time value so that all these actions and their Get buttons will have a timeout that I specify. It would be 3 seconds for me as that is enough time to switch to app and move my mouse. 5 seconds is simply annoying. 
Thank you.
defaults write com.stairways.keyboardmaestro.editor MouseGetCountdown -int 5
See:
https://wiki.keyboardmaestro.com/Home_Page?do=search&id=Home_Page&q=MouseGetCountdown+
Any chance we could have a similar one for ActionTimeout (currently 20 seconds)?
Which action time out? Actions with timeouts can be configured from the action (gear) 
menu.
Hi, the one that catches me is the activate specific application action. I know I can change it via the gear, I often forget.
I wrote an applescript that lists action timeouts, I have that set to look for ones that have 20s timeouts and then I have to go and sort them out.
My action timeouts default to 99 hours. I was hoping there is a "write com.stairways.keyboardmaestro.editor" option for setting that. The wiki doesn't list one. Does that mean there isn't one?
Different actions have different default timeouts. Default timeouts for actions that are expected to last a long time in normal operation (eg Pause Until) have a default 99 hour timeout (basically practically infinite).
There is no defaults write to adjust this default on a per-action basis. You could use the KMFAM or otherwise save a default action (eg in a Named Clipboard).
@cluttered,
I highly recommend KMFAM, and use it many times a day. I have many actions customized to suit my specific preferences.
Curious if KMFAM will be integrated into KM 10. Would be lovely. 
Perhaps I'm missing something, but this no longer seems to work (at least for me) in v10.
Yes, it was accidentally dropped with the changes to how that works. I will get it reinstated for the next version.
Thanks.