The alternative you are proposing doesn't solve anything: I still have to convert from "my 2pm" to "your 2pm". I still need a lookup table, but now the actual time itself gives me no information. It's a downgrade.
Here's a question for you: in your system how do you communicate what "time of day" it is at your location? When you arrive in a new timezone, how do you know how much to adjust your schedule by?