Thing is though, you rarely have to wait. Those Stalfos, for example, only wait in defense if you do the same. They are designed to make you attack to let your guard down first, then they retaliate (one of the reasons why they are noted for being a difficult enemy and typically used for mini-bosses even late game). If you want to kill them fast, bait them into attacking and hit them while their guard is down (ideally with a deku nut, then get them with a jumping slash).
Most enemies in OOT have some strategy or weak point that makes it so you rarely, if ever, have to wait. But it's always going to be riskier that way.