Thanks for the great reply. I’ll check in with GoDaddy. The funny thing is that phpinfo recognizes the settings whether I use PHP.ini or PHP5.ini, but if I use a phpinfo plugin inside of WP — it doesn’t see the changes (still see 30 on the max_execution_time). So my settings are probably being disregarded.
I wonder if the server would have to be rebooted? That would be great for a shared hosting box 😉