Actually, it makes perfect sense. Might be one of the few ways you can use your TomTom for geocaching without being the victim of "road snap". Understand that your TomTom will try to tie you to a road position (it is, afterall, a road nav unit) if you wander off the road a ways. At some point, it will give up under normal circumstances - I'm not sure how many feet off a road you need to be before it does this, but a few hundred, it seems. UNTIL then, the coordinate data that is displayed on the satellite page is that of the nearest road position, not your position! Very inconvenient for caching.
If you're so far off the map (i.e., on another continent!) that no road is an issue, you'll actually get real coordinate data on the satellite screen all the time.
The downside of caching with your TomTom, even where road snap isn't an issue, is battery life. You don't say which model TomTom you own, but if it's one that accepts a standard USB cable, you might want to look at a gadget like this or something similar with a cable to give you more juice in the field:
Amazon.com: Ultrabattery 2200MAH Rechargeable USB Power Bank: Electronics
You also don't say how you will get the cache data into your TomTom. If you have a premium membership, let me know and I'll shoot you a quick explanation of how to convert Pocket Query information into TomTom OV2 POI files so you won't have to enter stuff by hand.