Odd. So, what is the sphere object, your main planet? I'm confused.
I've never used the other built in virtual camera views in TG for anything, in my experience they rarely fit into anything other than a miles-away view of the x=0 y=0 z=0 origin point.(unless I'm not using them correctly).
Other programs I have, like Vue or Carrara will fit the selected target object into the different virtual camera views upon selection. Even when I've tried 'centre on selected object'(or whatever the TG equivalent is, can't remember) it always seems to be a miles-out view of the object that needs rescaling manually, so I've kind of just forgotten about using those parameters in TG at all.
Weird that if the texture is planned to your planet already, that a new object seems to appear from nowhere. I thought it was maybe just a bloomed area that looked circular that you were explaining it earlier, sorry. I've no idea.