What a local time setting should do is affect the display of the time so that it's the local viewers time.
No, the TZUTC setting simply tells you to take XX hours on or off the time of the message to get TZUTC time.
Something doesn't look right to me about the times to me.  I'll have to take a look at this more.  It should be saving the time as a UTC time and then using TZUTC as an offset calculator but I have a feeling it's doing
something else.
Synchronet actually uses the time of the message and takes into account TZUTC and says in the header of the message something like this message was posted 30 minutes ago, or 90 minutes ago as the case may be. I'm not sure just how sysnchronet does that but something similar could be done if TZUTC is present.
I suppose it's possible for a mail reader to post the message time in it's local timezone if it takes into account the TZUTC of the message and adjusts for it's local timezone but I don't know of any reader that does that.
I don't think that is something you can do on your end.
--- BBBS/Li6 v4.10 Toy-7
 * Origin: The Rusty MailBox - Penticton, BC Canada (1:153/757)