The time_reftime update in ntp_update_offset() to xtime.tv_sec
is a convoluted way of saying that we want to freeze the frequency
and want the 'secs' delta to be 0. Also make this branch unlikely.
This shaves off 8 bytes from the code size:
text data bss dec hex filename
2504 114 136 2754 ac2 ntp.o.before
2496 114 136 2746 aba ntp.o.after