When I save our new banners https://meta.wikimedia.org/wiki/Special:CentralNoticeBanners/Edit/B17WMDE_01_170706_var and https://meta.wikimedia.org/wiki/Special:CentralNoticeBanners/Edit/B17WMDE_01_170706_ctrl there are instances where saving takes a very long time until it times out.
I've tried to check if it makes difference whether I edit template parameters (CN form fields) or banner code, but the timeout was always the same. "Edit banner on-wiki" (just changing banner wiki page) works without timeouts, so it its something in CN.
The banner values themselves are always saved: my workaround for the timeouts is to hit enter in the address bar to reload the page and my changes were always there.
I can't reproduce it at the moment to show the error messages that come after 1-2 minutes of "saving", but the error occurred for nearly every save that was done in the banner history. Maybe you have some logs where you can correlate banner saving time with incidents/timeouts in the calls that saving a banner in CN makes.