Consider deprecating old parsers API

**Description**
Currently types lacks proper timeout support.

**Proposed solution**
Add configurable timeout with sensible defaults.

**Priority**: Low/Medium

Start by locating the old parsers API and the types-related timeout handling mentioned in the issue. Resolve the mismatch between the title and description, then define configurable timeout behavior with sensible defaults; completion should include a clear deprecation or timeout outcome and supporting tests if the project has them.

Written by the indexing model from the issue text.