>Is there a cleaner/better way of converting a time() to a more readable format?
>

>m.DisplayTime = RIGHT(TRANSFORM(CTOT(TRANSFORM(TIME(),'@R 99999999'))),11)
>

The TIME() is pretty readable. What exactly do you want to change? What format do you want time to be presented in ?
On my PC your expression returns the same as TIME() prefixed with '99 ' - '99 13:28:00'