I've done loads of similar meditations, where I'll focus on certain objects or aspects of my surroundings, and I try to remove my expectations and personal filters. I just let the stick, rock, or whatever it may be reveal parts of itself that I'm usually not aware of, sometimes with some amazing results, like connecting to and sort of merging consciousness with a tree, the ground, etc. My psychedelic experiences have definitely made me better at being open and imaginative with these "meditations".
You're right about time being relative once you're in hyperspace. You can experience lifetimes in a matter of minutes. But the (slightly)slower blast-off of ayahuasca lets me integrate each level of intensity more fully as it's happening, and the slower come-down allows me more time to think about every aspect and remember the whole experience much more clearly.
"I have great faith in fools; self-confidence my friends call it."