This is a question about coordinate time versus clock time / observed time, which I want to understand because I am teaching a GR course. Consider the Schwarzschild metric for specificity. I understand that the coordinate time $t$ is the "time measured by an observer at infinity". Now there is a trivial sense in which this is true: if one takes $r\to\infty$ and considers a stationary (relative to the coordinates) clock there then $d\tau = dt$. But this would be true even if one were to introduce a new global time coordinate $t'=t(1+e^{-\lambda|r-r_0|})$, which would induce an arbitrary "bulge" in $g_{00}(r)$ in the vicinity of some $r_0$, because it would still be the case that $\lim_{r\to\infty}g_{00}(r) = 1$. So, I presume, there is some less trivial meaning to the statement that $t$, the usual time coordinate in the Schwarzschild metric is the "time measured by an observer at infinity".
Is it that the observer at infinity assigns a time $t$ to an event $(t,r,\theta,\phi)$ if he sends to that event, and receives from that event, a light signal at times (clock time for the observer at infinity) $t-T$ and $t+T$ respectively, for some $T$? If it is this, is that equivalent to saying that the observer at infinity observes a gravitational redshift of photons emitted from "lower down" in the gravitational well and uses that observation to define the rate of time change at those lower points? If so, under which conditions are these the same? Or, more generally, under what conditions does $\sqrt{g_{00}(A)/g_{00}(B)}$ give the gravitational redshift between points $A$ and $B$. My example above, with $t'$, seems to show that it is not always given by this expression, even for a stationary metric, because of the arbitrariness of coordinate time. This is not addressed in the book I have been using, which just says the gravitational redshift is $\sqrt{g_{00}(A)/g_{00}(B)}$ for stationary metrics, with no qualifications.
(Apologies if this is addressed elsewhere, but I couldn't find it by keyword search.)