If you are measuring time intervals, your resolution is 4 µs (the smallest resolvable difference between two measurements is 4 µs).
If you are measuring speed, the resolution is a function of the time resolution dt, the distance between measurement points s and the speed you are measuring, v. Your speed resolution is given by:
dv = [s / t] - [s / (t + dt)]
where
t = s / v
hence
dv = v * [1 - s / (s + v * dt)]
Therefore the resolution is better at lower speeds, greater distances, and smaller clock intervals.