JJ, the GoPro hero 3 Black will do 240fps, I'm in the process of buying one, when I get it I will shoot the release and see what 240 will get us.
I'd really like to know how you get videos with a clear image of the hand at release as well. I've been trying to find a camera that will give me something clear(ish) without breaking the bank and so far I can't find anything. I made the GoPro guys' life miserable at a BestBuy today. Believe it or not I brought my computer and had him capture a video of DDs motion in the middle of the camera dept so I could download it and look at the results in Kinovea. At 120 FPS her had was still a blur. We tried the burst mode on the camera and her arm was invisible. Believe it or not the best results I've had so far are on a cheap point and shoot Kodak.
Whichever is more comfortable.