If your queries are primarily "about" timestamp (that is, where
clauses involving that field significantly limit the portion of the data to be scanned), or you're ordering large-ish result sets by timestamp, then I'd say that an index on that field would be extremely useful.
There's nothing magical about indexes. Just as yourself if a list of timestamps and "row numbers" (a thought-abstraction not intended to correlate with anything real), sorted by the timestamp, would be useful in answering questions more quickly and by looking at less of the data.
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