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Identify centre of loch, not in time to go round (6)

Ross

I believe the answer is:

locate

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'identify' is the definition.
Although both the answer and definition are verbs in their base form, I can't understand how they can define each other.

'centre of loch not in time to go round' is the wordplay.
'centre of' indicates the central letters.
'not in time' becomes 'late' (I've seen this in another clue).
'to go round' is an insertion indicator.
The middle of 'loch' is 'oc'.
'oc' going into 'late' is 'LOCATE'.

Can you help me to learn more?

(Other definitions for locate that I've seen before include "Lay one's hands on (something)" , "Discover the position of something" , "Find; lay hands on" , "Discover the place where something is" , "site" .)

I've seen this clue in The Times.
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