As Mike said, you can't rely Windows to be accurate to the millisecond. But if you are just using front panel Boolean switches to manually control the stopwatch then a few milliseconds here or there probably wont bother you too much.
If you're going to leave it running for days then you will need to consider that the value of the ms timer will wrap around to zero every 42 days (or something like that).
Troy - CLD
"If a hammer is the only tool you have, everything starts to look like a nail." ~ Maslow/Kaplan - Law of the instrument