imagine going from point A to B in a straight line and then going from A to a non collinear point C then to B, the second path is definitely longer... same with gwaves, the light at first was going in a straight space-time line from A to B(which is the shortest path and it's the only one), now space-time is bent which definitely means the new path is longer so light will take more time to arrive. any other path than the straight line is longer. light speed is constant in all references so yes it would take more time for light to travel a stretched or bent spacetime centimeter than a straight/regular one.
i get what you are trying to say, if they are using a ruler for example to measure distance and the spacetime was stretched the ruler will stretch with it and nothing will be noticed.. if light speed is constant then if it takes more time for light to arrive when a gwave passes then it must mean that the traveled distance was longer, buuut i don't know how they are measuring time, wouldn't time be stretched too when spacetime is stretched? maybe there's a trick with references or something like that to measure time correctly.
nothing scientific really, just my thoughts
"Is this the end of our adventure? Nothing has an end. We came in search of the secret of immortality, to be like gods, and here we are... mortals, more human than ever. If we have not obtained immortality, at least we have obtained reality. We began in a fairytale and we came to life! But is this life reality? We are images, dreams, photographs. We must not stay here! Prisoners! We shall break the illusion. This is Maya. Goodbye to the holy mountain. Real life awaits us." ~ Alejandro Jodorowsky