TAS, Current Meta, All Time
Minutes: 6:35
Seconds: 7:42
As per GWSCR rules (and looking at the way speedruns in other games are calculated), minute-based records are based on in-game timers but seconds-based are based on first frame to last frame calculations.
Watching the cutscene therefore creates the unusual situation where the "minute" record is faster than the seconds-based record.