I don't think phosphors would have any appreciable delay - how could they store enough energy to emit light anywhere near what they do when lit?
Exactly. My friend tested the "delay myth" of white LEDs an has come to a conclusion, no light decay is present. As the power is cut off, so is the light.
Not true.
Phosphors work by having electrons stimulated into a different energy state by absorbing photons at one frequency. Then,
at some random time later the electron changes to a different energy state and a photon is emitted, optionally at a different frequency.
The question then becomes what are the statistics of the delay before the second photon is emitted. Depending on the specific phosphor and the frequency required in this application, the delay might or might not be significant.
So, what
measurements did you make to justify your assertions?
Apart from that, LEDs are typically extremely fast, much more so than is implied by the speed of optocouplers, since there the speed is limited by the capacitances in the phototransistor.