You can put Creo spells into watching wards just fine - that's how you get Fireball (CrIg) traps that go off if you open a door without a password. As such, there's no reason you can't put a ritual Creo effect in one either, although the utility of such an effect would (likely) be fairly limited, unless you were moving a bunch of stuff and didn't want to cast it at the location it would ultimately be. (A "castle in a box" sort of delayed effect, maybe?)
The insight the wizard had was "instead of delay by time, can we delay by volume?" The part of the Creo effect that actually goes off is momentary; it's just that not all of it goes off. The rest is delayed until there is room in the circle (in this case, a bowl) for the spell to continue.
In other words, it's not the Creo effect that has a Circle/Ring duration: it's the Watching Ward itself.
The implicit question is "does a creo effect have to have all of its matter appear at the same time?" which is different than a Minute or Day duration, which would create all of the matter all at once, for a specified duration. The normal answer is "yes, it normally does have to appear all at once" - but is it REQUIRED to do so, under hermetic theory, or can some portion of it be temporarily delayed from manifesting?
The answer the PC came up with is "yes, of course it can be temporarily delayed; that's just a Watching Ward - the trick is to delay only PART of it, based on existing R/D/T"
EDIT - just as an alternate example, it seems reasonable to me that a variation of a ReVi watching ward could trickle out a stored CrAq effect over the course of 1 minute, with 1/60 of the effect being released every second. How long the water would last once released, of course, is dependent on that CrAq effect.
EDIT II - just thought of something: it's pretty standard that ReVi magic can affect part of a spell: Parma, for example, resists only the part of an area-effect spell that targets the wizard. So it's not unreasonable to think that you can use ReVi to supresss only part of a Creo spell, based on a trigger.