I'm testing the Find Cotravelers tool with AIS maritime tracking data from MarineCadastre.gov - 500K events off the coast of Miami.
The tool lets us set a time window and distance/proximity parameters.
What's missing is a parameter for the minimum duration during which the distance/proximity conditions must be met. For example, "They must be moving close together in time and space for a minimum 60 minutes."
Without this duration parameter, the tool also shows vessels that merely crossed paths within 100 meters and 10 minutes of each other [the tool defaults]. This can generate hundreds of false hits.
Here is the results layer - supposedly co-travelers:
This is the real picture:

[I've discussed this with @JamesJones4 but wanted to document it here for others who run into this.]