You can get a ball valve with a rack and pinion actuator to open pretty quickly. 0.1 sec might be hard to achieve, but 0.2 sec is well within the limits of technology. With a R&P actuator, the trick is to get air into it REALLY FAST. Volume booster, Pilot valve, or large solenoid valve on the air supply would be needed. Modified (larger) actuator ports would be needed. It is also necessary to get the air OUT of the spring chambers so that it does not impede the motion of the pistons. THe normal cross-drilling port must be plugged, and large vents should be cut into the end-caps.
Also you need to define whether the clock starts when you send it a signal or when the valve starts to move: the piloting and solenoid valves take a finite amount of time to change state and it can easily be 0.1 sec or more before the valve starts to move after you send the electrical signal.
Your 3" valve is not too scary, but with larger valves you must consider that there is a lot of kinetic energy in the system by the time the valve gets fully open. If you just crash all this moving mass into the actuator stops, the actuator won't go too many cycles before something breaks. External, beefy, travel stops are necessary on a high speed valve to absorb the energy at the end of the stroke.
This being said: If you yank a valve on water service open in 0.1 sec, the water column will just be sitting in the pipe and the line pressure will have to accelerate the water. It will take a helluva lot longer than 0.1 sec for you to achieve the steady-state flowrate. You will likely see no difference in the flowrate between a valve that opens in a half second and your 0.1 sec valve.
I assume you know that if you try to CLOSE a 3" water valve in anything remotely close to 0.1 sec, you better have earplugs, hard-hat, snorkel, and a floatation device on because it's going to rip the pipe completely out of its fittings and flood that section of the plant. We're talking devastation of near biblical proportions. Probably even an entry into your permanent record.