@Clarity, for your LAN NTP solution all you need - and have - is busybox ntpd. No need for additional stuff from the official NTP site. All the options available to you are listed and succinctly explained in the CODE block of the third post.
To serve time from PC 192.168.1.64 (substitute sample IP with your real IP) run on that PC ntpd -l -n. No atomic clock is needed: the reference time is the time your PC 192.168.1.64 runs on its internal clock. Other PCs in your LAN will get the time from PC 192.168.1.64 by running command ntpd -n -p 192.168.1.64. This will go on forever automatically, until you kill the commands.
If you want to see what's going on add option -d to all commands.
If you want 192.168.1.64 to sync its time with an atomic clock server before it can serve its time to other LAN PCs change the command to ntpd -l -n -p pool.ntp.org. For this to work, 192.168.1.64 must be connected to the internet.
If you want to test on a single PC replace 192.168.1.64 with localhost and run commands in separate terminal windows.
If you want the terminal prompt to return to you immediately remove option -n.
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You want an auto-starting, run-and-forget time service on your LAN? Use the time service built into Fatdog. I introduced it in my second post.
Clients (all Fatdog64 PCs): On each client PC edit file /etc/init.d/60-ntpd-boot and change variable SERVER=192.168.1.64. Then activate the time service from Fatdog Control Panel > System > Manage Server and Services.
Server (192.168.1.64): Edit file /etc/rc.d/rc.local and append this command ntpd -l.
Sorry, I can't comment on how to add Win PCs or other distros / pups to this setup.