Let
$$ S= m \int_a^b \dot{x}dt $$
Using the relation $L\to L^2/2$, (see Geodesic Equation from variation: Is the squared lagrangian equivalent?)
I obtain
$$ S=m\int_a^b\frac{1}{2}(\dot{x})^2dt $$
Adding a potential,
$$ S=m\int_a^b\left( \frac{1}{2}(\dot{x})^2-V \right)dt $$
which is the well-known formulation $L=T-V$
So the Lagrangian of a classical non-relativistic free particle is just $\dot{x}$?
In multiple dimensions
$$ S=m\int_a^b \sqrt{\dot{x}^2+\dot{y}^2}dt $$
with $L \to L^2/2$
$$ S=m\int_a^b \left( \frac{1}{2}\dot{x}^2+ \frac{1}{2}\dot{y}^2 - V \right) dt $$
As a special case of general coordinates:
$$ S=m\int_a^b \sqrt{ g_{\mu\nu}\partial X^\mu \partial X^\nu }dt $$
in 0+1D, I get
$$ g=\pmatrix{1} \implies S=m\int_a^b \sqrt{ (\partial X^0)^2 }dt $$
which is the equation I started with.