I just approved a suggested edit, and I noticed the time given in the "edited ... ago" link under the post shown was only a few seconds, so it was clearly referring to the approval time. I guess there's sense in that, but then it could be misleading.
But then I clicked through to the edit details and saw that the time in the "suggested ... ago" link also shows the time it was approved, rather than suggested, and that seems wrong to me.
Not a big deal but I figured there's no harm in mentioning it.
:-)
See also Suggested edits history for editors implies the resolution time, but provides the proposal time for a related issue.