Longer answer: there might be a clever way to use clocks to pick off gravitational waves, particularly at low frequency, but I doubt that they'll be competitive with pulsar timing/LISA.
There are proposals to use atom interferometers for gravitational wave detection. The community is quite divided on the chances for success (I'm in the pessimistic camp at the moment). Barring any surprises, an atom interferometer is much more likely than a timing-based measurement to see any gravitational wave signal. On the LIGO front, so long as the source estimates for gravitational wave signals are correct and as long as Advanced LIGO hits its sensitivity goals, a LIGO GW detection is imminent.
There's always room for cleverness.
Also, is it obvious how one could use an ultra precise clock to see evidence for GWs? Such clock can reveal spatial gradients in the rate of ticks (and so reveal things like local mass densities), but GWs should be spatially homogeneous, no?
Thanks for any help!
I haven't studied the atom interferometer GW stuff in great detail, but the measurements look challenging from a feasibility and systematic perspective. Any one objection can be addressed, but there are a lot of them, making it challenging in the aggregate. Continued work on the ground in the atom interferometer field over longer baselines will explore both. If that work can show that it works as proposed, then pessimism will turn to optimism; experiment is the arbiter of truth.
As for the second point, regarding clocks, my initial response of "no" came from exactly your argument. I hesitated when considering a global array of clocks. For wavelengths comparable to the size of Earth and smaller, there's enough phase difference that perhaps a sufficiently precise clock, read out sufficiently fast, might pick off a signal. Additionally, if there are signals in the micro-to-nanohertz regimes, it might appear as an unexplained fit residual to an overall model of the gravitational potential at any one clock. My GR-fu is insufficient to make reliable estimates of the sizes of these effects (I bet they're small!).
> Based on current models of astronomical events, and the predictions of the general theory of relativity, gravitational waves that originate tens of millions of light years from Earth are expected to distort the 4 kilometer mirror spacing by about 10−18 m, less than one-thousandth the charge diameter of a proton.