You can put in on the service line and hit up the T. I dont think it would be accurate on the slice, but for flat its no far off (assuming you hit over it). Minus the cheap contact pt stuff they do now.
Pete served 118, but didnt lose 50% off bounce
From "Technical Tennis:
BOUNCE FACTOR #2: INCIDENT SPEED AND SPIN A ball loses about 25 percent of its speed while traveling through the air. For example, a ball served at 100 mph lands on the court at about 75 mph. The bounce slows the ball about one-third of its speed, so it is traveling around 50 mph after the bounce.
Cross, Rod; Lindsey, Crawford. Technical Tennis: Racquets, Strings, Balls, Courts, Spin, and Bounce (Kindle Locations 1793-1797). Independent Publishers Group. Kindle Edition.
Pete's 118 mph serve would come off an average hard court at about 60 mph, a decrease from initial speed of about 50%, according to the source. A 130 mph serve would come off the court at about 66 mph.
Still, that's a difficult ball to get to when it's 9 feet away from your ready position, no? The average speed of the ball from racquet to bounce is higher, of course, so you don't have much time to cover the 9 feet adjusted for rise from the bounce. The 118 mph ball is getting to the bounce at an average velocity closer to 104 mph. Therefore it seems to me that getting to the ball is the difficult part, not its absolute velocity rising from the bounce.